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.
Required Minimum IRA Distribution begins once the qualified account owner reaches age 70Â½. Upon reaching age 70 Â½, IRA withdrawals must begin no later than April 1 of the following year. The exact IRA distribution amount is based on the account value at year-end along with the ownerâs life expectancy, so it changes each year.