1. a) Traditional IRA participants who are still working after age 70 12: Must begin payouts from their accounts at age 59 1/2. Must begin payouts from their accounts on the day on which they turn 70 1/2. May defer payouts from their accounts until the end of the year in which they retire. May defer payouts from their accounts until April 1 following the year they reach age 70 1/2. e) May defer payouts from their accounts until April 1 of the year they retire