island. 1  a tract of land completely surrounded by water, and not large enough to be called a continent. 2  something resembling an island, especially in being isolated or having little or no direct communication with others.
While you can begin making qualified withdrawals from a traditional IRA at age 59Â½, you must start taking withdrawals that are known as required minimum distributions starting in the year you turn 70 Â½.
Minimum Required Distribution Calculator Once you turn 70 Â½, the IRS generally requires that you begin withdrawing money from your retirement accounts (excluding Roth IRAs). The amount you must withdraw each year is called