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When can a person begin to receive the accumulated amount in an IRA account?

April 26, 2017account accumulated IRA person

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When can a person begin to receive the accumulated amount in an IRA account?

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A person can begin to receive the amount accumulated in an IRA account upon reaching sixty (60) years of age without a Treasury Department penalty. However, that disbursement must begin not later than the year the taxpayer reaches seventy five (75) years of age.