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Question 13 of 75. Walter reached age 70% in September of 2017. By what date is he required to begin taking the required minimum distribution from his traditional IRA? O December 31, 2017 O April 1, 2018 O April 18, 2018 O December 31, 2018 Mark for follow up
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Answer #1

Ans: -   April 1, 2018

Explanation: As per IRS rule we have to start taking withdrawal from Traditional IRA when we reached age 70.5 years. Beginning date for our first minimum distribution is 1 April following the calendar year in which we reached the age of 70.5 , and thereafter for subsequent withdrawn date would be 31 December .

Hence, to begin minimum distribution from Traditional IRA date would be 1 April 2018 .

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