Precious jewels are measured in carats instead of ounces or grams. A variant of carat is karat. The former is usually used with diamonds and is a measure of weight, whereas the latter is usually used for gold and is a measure of purity. One karat is 1/24th of the mass, so 24-karat gold is pure. An 18-karat gold ring is 18/24 (or 3/4) gold and 6/24 (or 1/4) other metals.
When must I receive my required minimum distribution from my IRA? You must take your first required minimum distribution for the year in which you turn age 70Â½. However, the first payment can be delayed until April 1 of the year following the year in which you turn 70Â½.
Traditional IRA: 1  Minimum age you must be to begin taking qualified distributions: 59 and 1/2. 2  Maximum age where you must begin to take qualified distributions: 70 and 1/2.