IRA Withdrawal understanding the IRS rules Fidelity New Life Expectancy Tables beginning 1/1/22
The IRS implemented new Life Expectancy Tables on January 1, 2022, for use in calculating required minimum distributions from accounts that qualify. Please ensure that you're referring to the most current tables when calculating your RMD, which can be found , under "Calculating and taking your RMD", or refer to the updated for inherited IRA RMDs.

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Withdrawing from your IRA

Whether you're retired—or you're not quite there yet and you need extra cash—understanding the IRS rules for withdrawals can help you make smart decisions about withdrawing from your IRA.

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h4 If you are between 59½ and 72

Starting at age 59½, you can take withdrawals without penalties, though note that taxes may be due based on the type of IRA. You are not required to take withdrawals from any accounts before age 72. Your withdrawals should factor into your overall retirement strategy.

h4 If you are 72* or older

Beginning at this age, you generally must take a required minimum distribution from many types of IRAs; this includes traditional IRAs, rollover IRAs, SEP IRAs, SIMPLE IRAs, and most 401(k) or 403(b) plans. These withdrawals are mandatory and violations incur severe penalties, so it's important to prepare and have a plan.

Have you inherited an IRA

If you inherited an IRA, there are you should understand before making any withdrawals.

How Fidelity can help you plan

If you are considering withdrawing from your IRA, we can help you:
Get a holistic view of your retirement income plan, including how long your money may last, with our . Adjust your portfolio as your life changes. with one of our experienced advisors to create a customized path forward. to help make RMDs easier.

Some related IRA topics

Consider both how you withdraw your RMDs and what you do with the money. Build income plans with guaranteed income, growth potential, and flexibility in mind. How to bridge the gap between when your paycheck stops and Social Security starts. * The change in the RMD age requirement from 70½ to 72 only applies to individuals who turn 70½ on or after January 1, 2020. Please speak with your tax advisor regarding the impact of this change on future RMDs. Fidelity does not provide legal or tax advice. The information herein is general in nature and should not be considered legal or tax advice. Consult an attorney or tax professional regarding your specific situation. Fidelity Brokerage Services LLC, Member NYSE, , 900 Salem Street, Smithfield, RI 02917 559593.11.0

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Fidelity does not provide legal or tax advice, and the information provided is general in nature and should not be considered legal or tax advice. Consult an attorney, tax professional, or other advisor regarding your specific legal or tax situation.
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