Making sense of RMDs
This video will help explain what RMDs are, how they're calculated, and how Fidelity can help you manage your RMDs.
Once you reach age 721, you're required to withdraw a certain amount of money from your IRA each year. That amount is called a required minimum distribution (RMD), also known as a minimum required distribution (MRD). RMDs can be complicated and time consuming. This video will help explain what RMDs are, how they're calculated, and how Fidelity can help you manage your RMDs. If you have an inherited account, your RMD rules are different.
Please note: Federal legislation enacted on December 20, 2019, made a number of changes to the rules regarding defined contribution, defined benefit and/or individual retirement plans, and 529 plans. Information herein may refer to or be based on certain rules in effect prior to this legislation and current rules may differ. As always, before making any decisions about your retirement planning or withdrawals you should consult with your tax advisor.
After you watch the video, use our Getting Ready for RMDs checklist (PDF) to help you get started.
Next steps to consider
Get started today by withdrawing your RMD from your Fidelity IRA.
Let us help you take the guesswork out of managing your RMDs.
Get the answers to frequently asked questions about RMDs.