When it comes time to start withdrawing the money your employees have spent a lifetime accumulating in their retirement accounts, you want to ensure that they make the right decisions. One that the government makes for you is requiring that you withdraw at least some of your funds annually, depending on the account type.
This is known as a required minimum distribution, or RMD, and it must be taken from your non-Roth retirement accounts by April 1 of each year, starting the year after you turn age 70½.
