Required Beginning Date - RBD


DEFINITION of 'Required Beginning Date - RBD'

The date by which a qualified plan participant or IRA owner must begin receiving required minimum distributions from his or her retirement account.

BREAKING DOWN 'Required Beginning Date - RBD'

This date occurs on April 1 following the calendar year the participant reaches age 70.5. Some qualified plans may allow participants who have reached this age to delay the RBD until April 1 of the year following the year they retire. This option to delay the RBD, however, is not available to employees who own at least 5% of the business that adopted the qualified plan.

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    Let's suppose the IRA holder, we'll call him Tom, dies in 2008. If Tom was required to take a required minimum distribution ... Read Full Answer >>
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    Most qualified retirement plans such as 401(k), 403(b) and SIMPLE 401(k) plans, as well as individual retirement accounts ... Read Full Answer >>
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