It’s Required Minimum Distribution (RMD) season (or Minimum Required Distribution – MRD, same thing). Beginning the year an individual turns 70 ½ mandatory distributions from certain tax-deferred retirement accounts must begin. Each year, the amount required to be distributed increases as a percentage of a retirement account’s balance. This percentage starts out small – about 3.5% of the account’s value – and increases to nearly 10% of the account value by age 92 (and continues to increase beyond that). You can find the full distribution table at the IRS website.