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.
Our favorite, the Roth IRA: 1  Minimum age you must be to begin taking qualified distributions: 59 and 1/2.  Maximum age where you must begin to take qualified distributions: Never! You are not forced to take distributions at age 70 1/2. You can keep the money in your Roth IRA as long as you want.