Definition
The minimum amount the IRS requires you to withdraw annually from most retirement accounts starting at age 73, calculated based on account balance and life expectancy.
Related Retirement Planning terms
An employer-sponsored retirement plan that lets workers contribute pre-tax dolla…
A tax-advantaged investing account anyone with earned income can open, used to s…
An IRA funded with after-tax dollars, so qualified withdrawals in retirement — i…
An insurance contract that converts a lump sum or stream of payments into guaran…
A U.S. federal program that provides retirement, disability, and survivor benefi…
An employer-funded retirement plan that pays a defined benefit — typically a per…
Explore the full glossary
Browse 350+ finance, crypto, and fintech terms across 12 categories in the Digital.Finance glossary.