Understanding your required minimum distribution (RMD)
From: Jackson National Life Insurance Company
An RMD is an amount you must begin withdrawing from a pre-tax, tax-deferred retirement savings account, such as your qualified variable annuity, by April 1 of the calendar year after you turn age 73 or the calendar year you stop working for the employer sponsoring an employer-sponsored plan if over 73.* † Subsequent RMDs are due annually by December 31. You can spread your RMD as incremental payments during the year or take it as a lump sum. You can avoid the possibility of taking your first two RMDs the same year by taking your initial withdrawal the year you turn 73* rather than waiting until April of the following year.
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