When do I have to start taking the money out of an IRA?
- What is an IRA?
- What's the difference between Roth and traditional IRAs?
- Why is an IRA a good deal?
- Who can put money into an IRA?
- How much should I put into an IRA?
- When can I access money in my IRA?
- When are IRA withdrawals penalty-free?
- When do I have to start taking the money out of an IRA?
- What if I need the money in my IRA before retirement?
- How should I invest the money?
- How do my IRA withdrawals get taxed in retirement?
- Where should I open an IRA?
- Should I take money from my IRA to pay off debt
If you have a traditional IRA, you must take required minimum distributions starting in the year you turn 70 ½. The amount of the distribution depends on how much you have saved in the account and on your life expectancy, according to tables published by the IRS. If you own a Roth, you can leave the money in for as long as you want.
