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Greetings, Brucedoe, and welcome. You wrote:

<<My wife turns 70 shortly in year 2000. I understand we have to begin withdrawing money (I guess 1/16th) out of the IRA within the year following her turning 70-1/2, but she will need some money from the IRA before that, will this count against the 70-1/2 withdrawal if it is after she turns 70 and since it is in the same tax year?>>

You should get and read the discussion on minimum required distributions (MRD) starting on page 21 of IRS Publication 590 (Individual Retirement Arrangements). It's available at

Your spouse must take her first MRD not later than April 1, 2001, and her second must be taken no later than December 31, 2001. Anything she takes between now and 4/1/01 will count towards her first MRD. That's because the balance she uses for computing the MRD is her IRA account balance as of 12/31/99.

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