Updated 2.2.2023: In 2023, the required minimum distribution (RMD) age raised to 73.
A traditional Individual Retirement Account (IRA) is a great way to fill the coffers for your golden years. But it’s important to familiarize yourself with common withdrawal rules to make the most of your retirement savings balance.
Always refer to irs.gov for the most up-to-date information on IRAs. You can also use their required minimum distribution (RMD) age calculator so you know exactly when you need to start taking withdrawals.