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...When you turn 70 1/2, you must start taking the minimum required amount out of your retirement accounts...

If a retiree turns 70-1/2 years old, say Jan 5, on what day must he/she withdraw to meet the MRD? May the retiree withdraw any day in 2010 or even wait until Dec 31? If the retiree withdraws Jan 5 will he/she have to withdraw more at year end if the account increases in value?

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