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my IRA administrator (Fidelity) has sent me reminders in my account's mail telling me of this event. They tell me that I need to start the process of liquidating my assets from this account

Hi Rush. Are you sure about this? I have two IRAs each of which is administered by different financial institutions. My wife has one as well. We have had these accounts before we reached age 59 - 1/2 and we have never been told we had to liquidate the accounts.

Now when both of us reached age 70 that was a different story. We are both required to make minimum distributions as required by the IRS.

You might want to call Fidelity and get the full skinny on what they want you to do.


ImAGolfer (retired '03)
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