Formerly known as First Trust Company of Onaga
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Required Minimum Distributions (RMDs) are minimum amounts that a retirement plan account owner must withdraw annually, starting with the year that he or she reaches 70 1/2 years of age.  The first RMD payment, however, can be delayed until April 1st of the  year following the year in which he or she turns 70 1/2.  For all subsequent years the account owner must take the RMD by December 31st.