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I reached age 70 in December. First question..is it true that I do not have to withdraw income from deferred plans until age 70 1/2 and that I can wait until at least January 2001.

You turn age 70 1/2 in 2000. Your first distribution is due by April 1, 2001 based on your plan balance 12/31/99.

Your second distribution is due December 31, 2001 based on your plan balance 12/31/00 (less your first distribution if it is paid in 2001).

You may want to make your first distribution in 2000 in order to manage your marginal tax bracket against making two distributions in 2001.

Next question..where do I find the tables that indicate the amount of withdrawals I must take.

Should be in IRS pub 590. Since your birthday age is 71 in 2000, use age 71 for your first distribution.

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You must take distributions out of each plan.
You may combine IRAs for the calculation and take the distribution out of any single IRAs.
Other than the above IRAs and plans work the same at this point.
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If the plan is of sizable size and part of your estate planning, be aware of how the minimum distribution choices effect
-distributions during life
-distributions after death to beneficiaries
I understand that the TMFTaxes has an article/FAQ section on Stretch IRAs. Find it and read it. Hopefully, someone will post the link.

If you want to use the Stretch rules, make sure your plan administrator will do it. Otherwise you will need to transfer the dollars to an IRA. Then make sure the custodian you pick will do it.

*Cat
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