From the Wall Street Journal’s Market Watch:
RBD: The required beginning date (RBD) is the deadline by which your first required minimum distribution must be withdrawn from your retirement account.
RMD: Your required minimum distribution, or RMD, is the minimum amount that you must withdraw from your retirement account
FRA: Full retirement age is the age at which a person may first become entitled to full or unreduced retirement benefits
Age 59½: the age when you can begin taking distributions from IRAs, 401(k) and 403(b) plans without penalty.
Age 62: The earliest date at which you can start taking Social Security retirement or spousal benefits.
Age 65: The regular Medicare eligibility age.
Age 70½: Age at which you must start taking required minimum distributions.
Getting older is not for the faint of heart or the forgetful. Need a little help? Contact us.