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Ralph G asks:

Pixy, this question may be too basic but here it is. My birthdate was in July 1933. What is the latest date when must I start a distribution?

No question to which one doesn't know the answer is too basic, particularly in this area.

You will be 70 1/2 sometime in January 2004, so tax-year 2004 will be the first year for which you must take a minimum distribution. That distribution must be withdrawn no later than April 1, 2005. If you wait that long to do so, though, you must take your second distribution for tax-year 2005 by December 31 of that year as well. That would give you two taxable distributions in the same year, something you probably don't want.

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