---
title: "RequiredMinimumDistribution"
url: "https://developers.zinnia.com/apis/policy-service-0-1-0/versions/8306e031-b41c-452a-a7ed-d73d65602086/schemas/RequiredMinimumDistribution"
---

> Full API specification: https://developers.zinnia.com/apis/policy-service-0-1-0/versions/8306e031-b41c-452a-a7ed-d73d65602086.md

# RequiredMinimumDistribution

## OpenAPI definition

```yaml
openapi: 3.0.0
info:
  title: Policy Service
  version: 0.0.21
servers:
  - url: https://qa.api.zinnia.io
components:
  schemas:
    RequiredMinimumDistributionCalculationOption:
      type: string
      enum:
        - RULE2002
        - BENEFICIARYDISTRIBUTIONQUALIFIED
        - BENEFICIARYDISTRIBUTIONNONQUALIFIED
        - JOINTNONRECALCULATION1987
        - JOINTRECALCULATION1987
        - MANUALENTRY
        - SINGLENONRECALCULATION1987
        - SINGLERECALCULATION1987
    RequiredMinimumDistribution:
      type: object
      properties:
        totalRequiredMinimumDistributionAnnualAmount:
          type: number
          format: double
          description: The Total RMD (Required Minimum Distribution) Annual Amount refers
            to the minimum amount that a policyholder must withdraw from their
            annuity or retirement account each year to avoid IRS penalties. This
            applies to tax-deferred retirement accounts once the account owner
            reaches the Required Beginning Date (RBD).
          example: 12.42342
        remainingRequiredMinimumDistributionAmount:
          type: number
          format: double
          description: The Remaining RMD Amount refers to the amount of Required Minimum
            Distribution (RMD) that the policyholder still needs to withdraw
            before the end of the calendar year to avoid IRS penalties. It is
            calculated as the Total RMD Annual Amount minus any withdrawals
            already taken during the year
          example: 12.42342
        actuarialPresentValue:
          type: number
          format: double
          description: The Actuarial Present Value (APV) Amount refers to the present
            value of future expected benefits or cash flows from a life
            insurance policy, annuity, or pension plan, discounted to the end of
            the year. It is used in actuarial calculations to estimate the
            current value of future liabilities or benefits, considering
            mortality rates, interest rates, and time value of money.
          example: 12.42342
        priorYearEndAccountValue:
          type: number
          format: double
          description: The Prior Year-End Account Value refers to the total account value
            of a life insurance policy or annuity as of December 31 of the
            previous year. It represents the ending balance of the policy`s cash
            value or investment portion at the close of the prior year, before
            any transactions in the current year
          example: 12.42342
        requiredMinimumDistributionRecalculationDate:
          type: string
          format: date
          description: The RMD Recalculation Date refers to the date when the Required
            Minimum Distribution (RMD) amount is automatically recalculated for
            qualified annuities and retirement contracts. This recalculation
            occurs annually, starting in the year after December 31 of the year
            the owner turns 69.5, and continues every year thereafter
          example: 2023-01-01
        requiredMinimumDistributionCalculationOption:
          $ref: "#/components/schemas/RequiredMinimumDistributionCalculationOption"
        priorCalendarYearRequiredMinimumDistributionAmount:
          type: number
          format: double
          description: The Required Minimum Distribution (RMD) amount that was required to
            be withdrawn from the contract during the previous calendar year, as
            determined under applicable IRS life expectancy rules.
          example: 12.42342
        lifeExpectancyFactor:
          type: number
          format: double
          description: The life expectancy divisor obtained from the applicable IRS life
            expectancy table, used to calculate the Required Minimum
            Distribution (RMD) amount for a given year.
          example: 12.42342
```