What are Required Minimum Distributions (RMDs) and when do they begin?

What are Required Minimum Distributions (RMDs) and when do they begin?

• A. They are withdrawals based on investment performance and are never required.
• B. They are optional withdrawals that can be taken any time.
• C. They are required yearly withdrawals from certain retirement plans; they begin at a specified age set by law.
• D. They are withdrawals that must be taken only after retirement.

Answer: (C)