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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.

Intermediate
Required minimum distributions
RMD Calculator

Required minimum distributions
RMD Calculator

Required minimum distributions
RMD Calculator

Required minimum distributions
RMD Calculator

Required minimum distributions
RMD Calculator

Required minimum distributions
RMD Calculator

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.

Read relevant legal disclosures

Withdraw from your IRALog In Required

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Let us help you take the guesswork out of managing your RMDs.

FAQs about RMDs

Get the answers to frequently asked questions about RMDs.

Important legal information about the e-mail you will be sending. By using this service, you agree to input your real e-mail address and only send it to people you know. It is a violation of law in some jurisdictions to falsely identify yourself in an e-mail. All information you provide will be used by Fidelity solely for the purpose of sending the e-mail on your behalf.The subject line of the e-mail you send will be "Fidelity.com: "

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This information is for educational purposes only.

1.

The change in the RMD age requirement from 70½ to 72 only applies to individuals who turn 70½ on or after January 1, 2020. Please speak with your tax advisor regarding the impact of this change on future RMDs.

Keep in mind that investing involves risk. The value of your investment will fluctuate over time, and you may gain or lose money.

Deferred Income Annuity contracts are irrevocable, have no cash surrender value and no withdrawals are permitted prior to the income start date.

Additional information regarding qualified longevity annuity contract (QLAC) funding guidelines: Pre-tax assets include Traditional, SEP, and SIMPLE IRAs. QLACs cannot be purchased with Roth or Inherited IRA dollars; value of such IRAs cannot be included in determining 25% premium limit. If the QLAC Funding Source is a Traditional IRA, the 25% limit is calculated by combining the total value of all Traditional IRAs as of December 31st of the previous year. If the QLAC Funding source is an Employer sponsored qualified plan (401k, 403b and governmental 457b), the 25% limit is calculated on an individual plan basis based on the plan’s account value on the previous day’s market close. If you previously purchased a QLAC, the calculation of your 25% limit is more complicated. Please contact an attorney or tax professional for additional details.

The tax and retirement planning information contained herein is general in nature and should not be considered legal or tax advice. Fidelity does not provide legal or tax advice. This information is provided for general educational purposes only and you should bear in mind that laws of a particular state and your particular situation may affect this information. You should consult your attorney or tax advisor regarding your specific legal or tax situation.

Fixed annuities available at Fidelity are issued by third-party insurance companies, which are not affiliated with any Fidelity Investments company. These products are distributed by Fidelity Insurance Agency, Inc., and, for certain products, by Fidelity Brokerage Services, Member NYSE, SIPC. A contract’s financial guarantees are solely the responsibility of and are subject to the claims-paying ability of the issuing insurance company.

If you transfer, recharacterize, or convert any assets into or out of your retirement accounts, you'll also need to contact Fidelity to have us recalculate your RMD based on that information.

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