A Baby Boomer Retirement Quiz You Can’t Afford To Fail

Trending 10/13/23

What age must you begin accepting IRA distributions to avoid a tax penalty?

5%
Retirement-Steps-Quiz-1207568706
Retry Correct Incorrect To avoid IRS penalties you must begin taking a minimum distribution from your retirement accounts annually starting when you turn 70½.
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Eva Marie Uzcategui / AFP via Getty Images
Eva Marie Uzcategui / AFP via Getty Images

What age must you begin accepting IRA distributions to avoid a tax penalty?

  • 70
  • 70.5
  • 69.5
  • 65
5%

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