lotax[at]hotmail.com wrote:
- quote -


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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<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >

According to www.dolans.com, "...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?

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >