How to Take a Minimum Required Distribution (MRD) From Your IRA

If you're over the age of 70½ and you're ready to take your MRD1 from your Fidelity IRA, we can help.

What are the rules for taking an MRD?

If you're over age 70½, the IRS will require you to begin taking distributions from your IRA. However, if you have a Roth IRA, there are no mandatory withdrawals at any age.

If you plan to take an MRD from a Traditional, Rollover, SIMPLE or SEP IRA, please consider the following MRD rules:

  • Your distribution may be taxed
  • You have to take your MRD by December 31 each year2
  • You'll need to take MRDs every year after turning 70½

To avoid unnecessary penalties or taxes, find out what specific MRD rules apply to your account type.

What do I need to know?

Before you take your MRD:

  • Find out what your MRD amount is by visiting the Retirement Distribution CenterLog In Required
  • Consult with your tax advisor about your situation
  • Make sure you have enough cash available, or you may have to sell some of your investments

To take your MRD:

From the Retirement Distribution CenterLog In Required, choose one of the following transfer options under Ways to Get Your Money:

  • Schedule automatic withdrawals
  • Make one or more individual withdrawals

Regardless of the transfer option you choose, you'll follow the same distribution process.

What to expect

If you complete your withdrawal on a business day before 4 p.m. ET, find out when you'll get your money.

Delivery times vary by transfer type and may take longer if you have to sell securities to make cash available.

Once you've submitted your request, you can track your withdrawal on the Activity & OrdersLog In Required tab in your Profile.