Why is half of your IRA confiscated if you do not make minumum withdrawals by 70.5 years of age? – money.stackexchange.com

Why is half of your IRA confiscated if you do not make minumum withdrawals by 70.5 years of age? – money.stackexchange.com

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I do not understand this rule: "IRA confiscates half of your account if you do not make your withdrawals by 70.5 years of age". Why? What does it mean to make withdrawals? Just to request your money ...

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