"required distribution" is correct and usable in written English.
You can use it to refer to the mandatory distribution of resources, goods, materials, etc. For example, "The relief funds must be given out according to a required distribution."
The donation would count against the minimum required distribution they would otherwise be required to take.
Miss a minimum required distribution and you'll get hit with a 50% penalty tax on the amount you should have taken; distribute an IRA directly to an estate and your children lose the chance to stretch out its tax deferral over their own life spans.
Speaking of retirement, if you are over 70½ be sure to take your minimum required distribution from your IRA before the end of the year.
My minimum required distribution is currently about $30,000 a year, which means my IRA funds will last until I am well over 100!
If you can take out $17,000 without a tax consequence or as part of your minimum required distribution, then using $17,000 to save $1,000 a month can be a smart thing to do mathematically in some ways.
The qualified charitable distribution rule allows a taxpayer to make a direct contribution to a qualified charity from their IRA tax-free and consider the distribution as all or part of their annual minimum required distribution.
§ 107.1560 Distributions by Licensee - required Distributions to private investors and SBA.
Take required distributions from an inherited IRA.
4. Take required distributions from your own IRA.
Does it let you delay required distributions if you work past age 70 ½?
After that, you must take distributions by Dec. 31 of each year. 5. Take required distributions from an inherited IRA.
