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.
A living owner of a traditional IRA must begin to take distributions from the account during the year that the owner attains age 70 Â½ years of age â even if the owner does not want or need to. The required amount is called the required minimum distribution or RMD for short.