Required minimum distribution


Q. I will turn 70 in July 2014. Is 2015 the first year I will be required to receive the required minimum distribution? Who decides the date and month of annual distributions?

A. You must complete your first RMD by April 1 of the year following the calendar year in which you reach age 70½. You may take the distribution however and whenever you like, as long as the required minimum amount has been withdrawn by the deadline for each year.


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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 and view his blog at

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