IRS minimum distribution rules for IRAs. (individual retirement accounts)
From: Healthcare Financial Management
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Date: 7/1/1996
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Author: Kistner, William G.
The IRS has issued guidelines for the distribution of individual retirement account funds (IRAs). Retirees aged 70 1/2 are required to begin taking IRA distributions. The first distribution should begin before or on Apr. 1 following the calendar year when the retiree reaches 70 1/2 while subsequent distributions must by made by Dec. 31 of each year. IRA interests must also be completely distributed within the owner's life expectancy.
Many Americans have contributed to individual retirement ...
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