minimum distribution requirements for beneficiary ira's
Minimum required distributions, or MRDs, are mandatory, minimum yearly withdrawals that generally must be taken starting in the year you turn 70Â½. While there is a minimum amount you are required to withdraw in order to avoid severe penalties, you can always take more than the MRD amount. You generally have to take MRDs from any retirement account in which you contributed tax-deferred assets or had tax-deferred earnings. These accounts include: 1  Traditional IRAs. 2  Rollover IRAs. 3  SIMPLE IRAs. 4  SEP IRAs. 5  Most Keogh accounts. 6  Most 401(k) and 403(b) plans.