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.
What you need to know. about required IRA withdrawals. When you reach age 701/2, you must shortly begin to. take required minimum distributions (RMDs) from your. Traditional IRA. The same may be true if you have recently. inherited a Traditional IRA. The following information is. designed to help you understand what RMDs are and.