3.1.1 The Minimum Distribution Rules
188.8.131.52 IRA’s and Qualified Plans grow tax-free and therefore the longer one can defer withdrawing funds, the better the potential for asset accumulation.
184.108.40.206.1 Until distributions, the funds in an IRA (etc.) are not taxed.
220.127.116.11 Minimum distribution rules exist to compel distribution of an IRA during lifetime.
18.104.22.168.1 If one violates the minimum distribution rules, a penalty equal to 50% of the amount required to be distributed is imposed.
22.214.171.124 If living, the owner of an IRA must begin taking distributions on or before April of the year after he or she reaches 70 ½ – the required beginning date.