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Required Beginning Date

For an IRA, the Required Beginning Date for a traditional IRA is April 1 of the calendar year following the year in which the owner attains the age of 70.5.

However, if the the first distribution is made using the April 1 date, the second distribution must occur by December 31 of the same year.

Failing to take a minimum distribution (MD) after the required beginning date (RBD) will result in a penalty tax of 50 percent of the amount that should have been distributed and wasn't.

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