When do required minimum distributions from an IRA account start?

Answer Required minimum distributions from individual retirement accounts (IRAs) begin the year the account holder turns 70 and one-half years of age, reports the Internal Revenue Service. The distributio... Read More »

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When can I begin taking distributions from an IRA?

You may begin taking distributions from your IRA at any time and for any reason. However, to discourage people from using their IRAs for purposes other than retirement, the Internal Revenue Service... Read More »

When must i begin taking distributions from my traditional ira?

The IRS requires you to begin withdrawing money from your traditional IRA after you reach a certain age. If you don't begin making withdrawals, you will face a penalty on the amount you should have... Read More »

When can I take distributions from an IRA without incurring a penalty?

Avoid the IRA 10-percent penalty tax by withdrawing funds after age 59 1/2 and after your IRA is at least two years old. People younger than 59 1/2 can still avoid the tax if distributions are used... Read More »

When recruitment fails and the Board does not have the minimum number of members required per bylaws can the Board function and take actions?

Generally, your governing documents will state the minimum number of board members, and may also indicate that existing board members continue to serve on the board after the expiry of their term, ... Read More »