10 Things Boomers Must Know About RMDs From IRAs

Members of the Woodstock Generation are increasingly reaching the age at which “the establishment” demands they start unwinding their traditional IRAs and employer-sponsored retirement plans such as 401(k)s.

(Image credit: Nobody was thinking about RMDs at Woodstock.)

Members of the Woodstock Generation are increasingly reaching the age at which “the establishment” demands they start unwinding their traditional IRAs and employer-sponsored retirement plans such as 401(k)s. When you reach age 70 ½ -- and by our reckoning about 3.5 million Americans did so in 2017 -- you need to know the ins and outs of required minimum distributions (RMDs). If your parents or grandparents are the ones moving into RMD-land, do them a favor and share this slide show with them.

TOOL: Calculate Your RMD

Kevin McCormally
Chief Content Officer, Kiplinger Washington Editors
McCormally retired in 2018 after more than 40 years at Kiplinger. He joined Kiplinger in 1977 as a reporter specializing in taxes, retirement, credit and other personal finance issues. He is the author and editor of many books, helped develop and improve popular tax-preparation software programs, and has written and appeared in several educational videos. In 2005, he was named Editorial Director of The Kiplinger Washington Editors, responsible for overseeing all of our publications and Web site. At the time, Editor in Chief Knight Kiplinger called McCormally "the watchdog of editorial quality, integrity and fairness in all that we do." In 2015, Kevin was named Chief Content Officer and Senior Vice President.