How to correct Gurus?

Feb 14, 2009 1 Replies

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lotax 17 years ago

According to

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"...you'll have to start withdrawing from a traditional, SEP or Simple IRA when you turn 70½ (or by April 1st of the year after your 70th birthday)." How do I let them know that they're wrong about that 70th birthday part?

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Alan 17 years ago

Try

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P.S. I don't know where on their site you have picked up that quote. They properly explain it in their discussion of IRAs.

"You must take your first payout (called "mandatory distribution") by April 1 of the year after you turn 70 ½, though you can take it the same year as that fabulous 70 ½ birthday."

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