If you have any of the following retirement accounts, you WILL need to take a Required Minimum Distribution starting at age 73 (or 75 if you were born in or after 1960):

  • Traditional IRA
  • SEP IRA
  • SIMPLE IRA
  • 401(k) Plan
  • 403(b) Plan
  • 457 Plan
  • Profit Sharing Plans
  • Other Defined Contribution Plans

If you are still working, you may be able to delay RMDs from your current employer’s retirement plan — but IRAs and previous workplace retirement plans are not eligible for this exception