The law requires that you begin withdrawing money from your employer sponsored retirement account or traditional IRA by April 1 of the year following the year you turn 70½. Your age and your account balance will determine the amount you're required to withdraw.
| 2009 Suspension: The Worker, Retiree and Employer Recovery Act (H.R. 7327) grants a one-year suspension of the required minimum distribution (RMD) in 2009. Americans 70½ or older are not required to take mandatory payouts from their 401(k)s, IRS and other tax-advantaged retirement plans in 2009.
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Answer the following questions to find your minimum required distribution (MRD). Please do not use commas in the figures.
Note: Married users whose sole primary beneficiary is a spouse more than 10 years younger must use the Joint Life Expectancy Table in IRS Publication 590, which will generally produce lower required distributions.
