What is the IRA mandatory withdrawal age?

As of 2015, the IRA mandatory withdrawal age is 70.5 years old for both genders. This age is effective even if the recipient has not yet retired. The monthly mandatory withdrawal is the responsibility of both the recipient and IRA fund owners, and failure can result in stiff penalties.

When the owner of an IRA account dies before the mandatory withdrawal age, the account is inherited by a beneficiary. The total amount contained within the account generally must be released in full within five years of the original owner's death or over the lifetime of the new beneficiary beginning within one year of the owner's death.