Final answer:
Traditional individual retirement annuity (IRA) distributions must start at age 72 ½.
Step-by-step explanation:
The distribution of traditional individual retirement annuity (IRA) must start at age 72 ½.
A traditional IRA is a long-term, tax-sheltered time deposit where individuals can direct pretax income towards investments that grow tax-deferred.
Currently, tax laws allow individuals to contribute up to $5500 ($6500 if age 50 or older) to all of their traditional and Roth IRAs for 2014 and 2015.