IRA CDs (Certificates of Deposit) have their own set of rules when it comes to maturity. You need to be aware of these rules so that you can plan for the maturity of your IRA CD properly.

The first thing to know is that the IRS (Internal Revenue Service) sets the minimum required distribution for IRA CDs. This means that you must begin taking distributions from your IRA CD starting at age 70 1/2, regardless of whether or not you are still working. The distributions must be taken annually, and they must be a minimum of the value of the …