What are mandatory distributions for a Traditional IRA?
For a Traditional IRA, you must start taking IRA distributions by April 1 of the year following the year you turn age 70½.note 2 The amount of the mandatory distribution is determined based on your age and account balance. Please note: The Worker, Retiree and Employer Recovery Act of 2008 suspends RMDs in 2009 for those age 70 ½ and older or those with Inherited/Beneficiary IRAs.
Related Questions
- Some of the contributions previously made to my traditional IRA account have been nondeductible contributions. How do I determine how much of my 2010 distributions are taxable?
- Some of the contributions previously made to my traditional IRA account have been nondeductible contributions. How do I determine how much of my 2009 distributions are taxable?
- What are mandatory distributions for a Traditional IRA?
