1. For a Regular IRA, you must start taking “required minimum distributions” for the year in which you turn age 70 ½.
  2. For a ROTH IRA, no distributions are required.
  3. The amount of your required minimum distribution is based upon your age, the age of your beneficiary, and the marital or non-marital relationship of your beneficiary.
    1. Your first Required Minimum Distribution will be less than 5% of your account balance
    2. See the following IRS publication for specific information about the amount of your Required Minimum Distribution: https://www.irs.gov/publications/p590b/index.html