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Seniors age 70½+: Take your required retirement distributions
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 145
Abstract: The tax laws generally require individuals with retirement accounts to take annual withdrawals based on the size of their account and their age beginning with the year they reach age 70½, or face a hefty penalty. Those turning age 70½ in 2014 can delay their 2014 required distribution to 2015 — but this brief article explains whether or not it may make sense to do so.