![]() ![]() You can withdraw more than the minimum required amount.Your required minimum distribution is the minimum amount you must withdraw from your account each year. Roth IRAs do not require withdrawals until after the death of the owner. Due to changes made by the SECURE Act, if your 70th birthday is Jor later, you do not have to take withdrawals until you reach age 72. 116-94, signed by the President on December 20, 2019. However, changes were made by the Setting Every Community Up for Retirement Enhancement (SECURE) Act which was part of the Further Consolidated Appropriations Act, 2020,P.L. You generally have to start taking withdrawals from your IRA, SIMPLE IRA, SEP IRA, or retirement plan account when you reach age 70½. You cannot keep retirement funds in your account indefinitely. ![]() Information on this page may be affected by coronavirus relief for retirement plans and IRAs. COVID-19 Relief for Retirement Plans and IRAs ![]()
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