Series 26: Required Minimum Distribution (RMD)

Taken from our Series 26 - Investment Company Products/Variable Contract Limited Principal Exam

Definition of the term Required Minimum Distribution (RMD)...

the minimum amount of money that must be taken out of a qualified retirement account by April 1 following the year the account holder turns 72 (increasing to 73 in 2023).

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Solomon Exam Prep Study Materials for the Series 26
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