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A family member turns 70.5 this year. The firm where the account is held says the required minimum distribution must be made between the date 70.5 is reached and April 15 of 2007.

Pixy was too kind, never a problem of mine. The idiot who told you this was doubly wrong.

Someone who turns 70 1/2 in 2006 must take a distribution for 2006. Because this is the first required distribution, it can be taken any time between January 1, 2006 and April 1, 2007. Another distribution, for 2007, must occur between January 1, 2007 and December 31, 2007.

Distributions are taxable in the year in which they're made, so delaying the first one to 2007 would result in an income spike for that year, which could have bad effects on AGI and the things that are affected by it, especially taxation of Social Security benefits.

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