Withdrawals from individual retirement accounts tend to be driven largely by people who are 70-½ or more, according to new research.
The study, by the nonpartisan Employee Benefit Research Institute, found that just under 21 percent of traditional and Roth IRA accounts had a withdrawal in 2012. However, the overall IRA withdrawal percentage was largely driven by activity among traditional IRAs owned by individuals ages 70-½ or older, a point at which the individuals are required by federal law to take distributions from these accounts.
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