RMD explainer


Q. I turn 70 ½ in April. Must I take the required RMD by April 1? Do I take it all at once or can I spread it out over the year?
Must I take a certain amount from all accounts or can I take it all from one?

A. Your first RMD is due by April 1 of the year following the calendar year in which you reach age 70 ½. You may take the RMD any way you like, as long as the required amount has been withdrawn by the deadline. Your TSP RMD must come from your TSP account. Certain other types of accounts, including IRA accounts, may be aggregated for RMD purposes.


About Author

Mike Miles is a Certified Financial Planner licensee and principal adviser for Variplan LLC, an independent fiduciary in Vienna, Virginia. Email your financial questions to fedexperts@federaltimes.com and view his blog at money.federaltimes.com.

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