Popular Answers. Going by the literary meaning of the mitigation it says âthe actions taken to reduce the severityâ while that of adaptation means that âresponsive adjustment to an environmental conditionâ.
Avoid two withdrawals in the same year. If you turned 70Â½ in 2014, you need to take a required minimum distribution from your retirement accounts by April 1, 2015. Your first required minimum distribution is due by April 1 of the year after you turn 70Â½, but subsequent distributions are due by Dec. 31 each year. If you delay your first required minimum distribution until April, you will need to take two distributions in the same year, which could result in an abnormally high tax bill.
Search form. 401(k) and IRA Required Minimum Distribution Calculator. Per IRS regulations, after reaching age 70Â½, you are generally required to start withdrawing money from a traditional 401(k) or IRA. Use this calculator to approximate your required minimum distribution based on your age and the value of your accounts.