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IRA Minimum Distribution

The long arm of the tax law says that you have to start to take a minimum IRA distribution from your IRA accounts when you are 70 1/2.

You have to take out distributions after you get to be 70 1/2.

The absolute latest starting date is the following April 1.

The IRS changes this chart below from time to time as people are living longer etc..

The IRS calls them "Individual Retirement Arrangements".

These are described below.

You can see that they are the required minimum distributions for Individual Retirement Accounts

The chart below shows the retired person age related to the distribution period in years.

It reaches from 70 years to 115+ years.

This is an interesting tool for planning.