Important Financial Investment Terms
Thousands of investors have told us they are confused by the investment jargon that is used by financial advisors. We also know some terms, that investors don't understand, are used by advisors as sales ploys. They establish themselves as experts when they define a term you may not understand.
There is an alternative. We have defined more than 1,500 commonly used financial terms. Look-up a definition by entering the term in the search engine or using the alphabetical search service.
Definition of 'RMD – Required Minimum Distribution'
The amount that traditional SEP and SIMPLE IRA owners and qualified plan participants must begin distributing from their qualified retirement accounts by April 1 after the year they reach age 70.5 years. RMD amounts must be distributed each subsequent year based on remaining life expectancy.