Question

At what age must a person begin withdrawing money from a traditional IRA?

a.70 years and six months
b.59 years and six months
c.62 years
d.65 years

Answer 1

A person must begin withdrawing money from a traditional IRA at the age of 70 years and six months.

Step-by-step explanation:

A person must begin withdrawing money from a traditional IRA at the age of 70 years and six months. This is known as the Required Minimum Distribution (RMD) age. After reaching this age, individuals are required to withdraw a certain amount from their traditional IRA each year.