A taxpayer must begin withdrawals from any type of retirement plan except a Roth IRA) no later than April 1 of the tax year after the taxpayer reaches age 701/2 or, if later, the year they retire.

Question

Quizplus · Accepted Answer

The IRS requires minimum distributions from most retirement accounts, except Roth IRAs, starting at age 70½ or upon retirement, whichever is later.

A Taxpayer Must Begin Withdrawals from Any Type of Retirement