Minimum Required Distribution (MRD)

If you are over age 70 1/2 it's time to add up your IRA balances, look at older 401k plans or employer plans and do the calculation.   Most IRA custodians will be able to help and even set up systematic withdrawals if  you would like to receive these distributions throughout the year. 

Make sure to call the firm holding these retirement plans and ask them to do the MRD calculation and get the check or electronic funds transfer sent out to you.

RetirementThink MRD Info and Uniform Table for the Calculation