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Required Minimum Distributions

A Required Minimum Distribution (RMD) is the minimum amount that you must withdraw from your IRA account each year, if you are 70 1/2 or older. Per the IRS, required minimum amounts are based on life expectancy and account balance at the end of each calendar year.

All direct donations to ICA or other nonprofits make withdrawals tax free! You can donate up to $100,000 annually from your IRA account.

For additional information, contact Kate Wilinski at 952.279.0290 or kate@icafoodshelf.org.