When do I have to take an RMD?

For IRAs you must take your first RMD by April 1 of the year after the year your turned 70 1/2 whether you are working or not. Every year after that you must take your RMD by December 31.

For 403(b)s, the rules are similar to IRAs except if you are still working and your 403(b) is at your current job, you might be able to wait to take an RMD after your retire.

Many employer-sponsored plans work identically to 403(b)s. Check with your plan sponsor for more information.

Please Note: The information contained in this Web site is provided solely as a source of general information and resource. It is a not a statement of contract and coverage may not apply in all areas or circumstances. For a complete description of coverages, always read the insurance policy, including all endorsements.