A quick guide to RMDs.
Whether you’re working or retired at age 70½, you must start taking withdrawals from your Traditional, Rollover, SEP, and SIMPLE IRAs. These mandatory minimum withdrawals are your required minimum distributions (RMDs), and we can help you understand what you need to know.

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What you need to know about RMDs


With Traditional IRAs, you must take your first RMD by April 1 of the year following the year in which you turn age 70½. You must then take an RMD by December 31 each year thereafter.


If you have multiple IRAs, you must calculate the appropriate RMD for each one. However, the total distribution amount can then be taken from any one or more IRAs to satisfy the required amount.


Once the RMD is distributed, you don’t have to spend it, but you may choose to reinvest it in a taxable account. An RMD cannot remain in the tax-deferred account.


Generally, your RMDs are taxed as regular income within the year they are taken. RMDs can also be subject to state and local taxes. Please consult a tax advisor for more detailed information.


If you don’t take the correct RMD amount, IRS penalties may apply.

NOTE: If you have employer retirement accounts, you will have to contact your current and/or prior employer to calculate the RMD and request a distribution. Or, if your employer retirement account(s) is with T. Rowe Price, you can log in to the workplace retirement website to learn more.

Calculate your RMD
Get started

If you have a Traditional or Rollover IRA account with us, you have three options for setting up your RMDs.


Our free RMD Navigator® service will calculate and set up your distributions.


Call a T. Rowe Price retirement specialist at 1-888-421-0563


Download, complete, and mail in an IRA Distribution form.

Consider reinvesting your distribution

While taking RMDs is mandatory, you don’t have to spend it if you don’t need to. You can reinvest the money or add it to your rainy day fund.


Keep your money working for you with a Non-Retirement Account.


Invest in someone’s future with a 529 College Savings Account.

Support your favorite charities

If you are over age 70½ and would like to support charitable organizations with your RMD, there are two tax-smart ways to do so.

Donor-Advised Fund

The T. Rowe Price Program for Charitable GivingSM offers a flexible, tax-efficient way to support charities. As a donor-advised fund, our program allows you to make charitable contributions and receive eligibility for an immediate tax deduction.

  • One distribution can support multiple charities
  • No annual limit
IRA Qualified Charitable Distribution (QCD)

A QCD is an IRA distribution that you direct to a qualified charity. You may then exclude the distribution amount from your reported gross income. This means that the distribution is not considered taxable income.

  • Multiple distributions required to support more than one charity
  • Annual limit of $100k

All investments are subject to market risk, including the possible loss of principal.

This material has been prepared by T. Rowe Price Retirement Plan Services, Inc., for general and educational purposes only. This material does not provide fiduciary recommendations concerning investments or investment management. T. Rowe Price Retirement Plan Services, Inc., its affiliates, and its associates do not provide legal or tax advice. Any tax-related discussion contained in this website, including any attachments/links, is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding any tax penalties or (ii) promoting, marketing, or recommending to any other party any transaction or matter addressed herein. Please consult your independent legal counsel and/or professional tax advisor regarding any legal or tax issues raised in this material.

The T. Rowe Price Program for Charitable Giving is an independent, nonprofit corporation and donor-advised fund founded by T. Rowe Price to assist individuals with planning and managing their charitable giving.