Question: how much money do you have to take out of an ira?
Answer: You can take more than the required minimum. For example, if you had $300,000 in your IRA at age 70 ½, you divide that sum by the 26 more years the IRS expected you to live. You would have to withdraw $11,500 annually and pay income tax on that amount. If you have a Roth IRA, there is no minimum withdrawal requirement.