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" rules regarding IRA's which state that, at the time the participant in such a plan reaches 59 and 1/2 years of age"


What rules?

As I recall, the required minimum distributions from IRAs begin in the
year you reach 70 1/2.

When you reach 59 1/2 you can withdraw funds without a penalty - but you are
not required to liquidate the thing.

Take a deep breath and look over the following links - and re-read the info sent to you. I suspect
you may be missing a "may" in the shock of actually getting close to the potential of retirement.

"Withdrawals between age 59½ and 70½

Starting at age 59½, you can begin taking money out of your retirement accounts without penalty. Keep in mind that you'll have to pay any federal or state taxes that might be due. You should also consider creating a plan for taking distributions; use our Planning & Guidance Center to help determine if your assets will provide the income you need during retirement."

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