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Required Minimum Distributions

Continuing to participate in the Plan throughout retirement may be a good idea, potentially continuing to grow your investments. There are limits, though, to how long you can keep your money in the Plan before you have to start taking minimum withdrawals. If you do not take timely required withdrawals from your account, you will be subject to a 50 percent tax penalty on the amount that should have been withdrawn.1

When you retire, the IRS generally requires you to start taking required minimum distribution (RMD) payouts from your account by April 1 in the year after you turn 70½. If you remain employed after age 70½, you're not required to take an RMD until after you retire.  The Plan will inform you of your RMD amount and will calculate and send your RMD each year.

Get the help you need

Please call the HELPLINE or your Account Executive if you have questions about RMDs in retirement.


Investing involves market risk, including possible loss of the money invested.

NRW-3064NY-NY.1
NRW-3064NY-NY.1
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