What is an MRD? Or is it an RMD?

What is an MRD? A required minimum distribution (also called an RMD or MRD) is a yearly, mandatory withdrawal from a tax-deferred retirement account, like a traditional IRA, 401(k), or 403(b) plan, which you must start taking when you reach the IRS defined age.

What is the IRS defined age at which I must start my RMD? You must take your first required minimum distribution (RMD) for the year in which you turn age 73.

For more information on retirement options in the ACC Retirement Plan, please visit this webpage.