According to Investopedia, a RMD, Required Minimum Distribution is that traditional, SEP or SIMPLE IRA owners and qualified plan participants must begin withdrawing from their retirement accounts by April 1 following the year they reach age 70 1/2. The retiree must they withdraw the RMD amount each subsequent year based on the current RMD calculation.

MWA advisor, Alan Mercurio, walks you through the steps of on how to calculate the amount, how to address the ascociated taxes, and that possibly what to do with it,