The IRS requires it, in fact. That's why it's called a required minimum distribution. But how much is the minimum withdrawal on, say, a $250,000 individual retirement account? It varies with age.

This required minimum distribution (RMD) is necessary if you have a traditional individual retirement account (IRA), a SEP IRA, a SIMPLE IRA, a company-sponsored 401 (k) account, or a 403 (b) account.

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That means that if you turned 73 in 2024, your first RMD is due by April 1, 2025. You must take your second RMD by December 31, 2025, and your third RMD by December 31, 2026.

If you are 73-years-old or older and haven’t taken a Required Minimum Distribution from your tax-deferred retirement account, the IRS says most people need to do it by the end of 2024. Required ...

For example, if your RMD for one account is $8,000 and your RMD for another is $2,000, you could withdraw all $10,000 from one, $5,000 from each, or any combination you like as long as you take ...