Question:
❓At what age are you required to start taking money out of your traditional retirement accounts?
A) 65
B) 70½
C) 73
D) 75
Answer:
✅ C) 73
Here’s why:
That’s the current age for Required Minimum Distributions (RMDs) if you have a traditional IRA or 401(k).
The IRS won’t let you leave that money in there forever—they want their tax cut.
Except for Roth IRAs – they are exempt from RMDs during the account owner’s lifetime.
If you don’t take it out?
You could face a steep penalty—up to 25% of what you should have withdrawn.
Plan ahead so you’re not forced to take more than you need—or taxed more than you want.
