At what age does RMD stop?

Once an individual reaches the age where they are required to take RMDs from their retirement accounts, such as traditional IRAs or 401(k)s, they must continue to make withdrawals every year. This rule applies regardless of the individual's financial situation or whether they actually need the income.

The purpose of RMDs is to ensure that retirees are not excessively accumulating wealth in tax-deferred accounts and that the government receives its fair share of taxes on these earnings. By requiring annual withdrawals, the IRS encourages the circulation of wealth and prevents the accumulation of large, untaxed balances.

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RMDs, or Required Minimum Distributions, are a significant aspect of managing retirement funds in the United States. One common question surrounding RMDs is the age at which they cease to be necessary. However, the answer to this query is straightforward: there is no stopping age for RMDs.