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Tennisguy1 writes (in part):

I reached age 70 in December. First it true that I do not have to withdraw income from deferred plans until age 70 1/2 and that I can wait until at least January 2001.

I reply:

As I understand the rules, you must make your first withdrawal by April 1 of the year after the year in which you turn 70 1/2, so in your case, you may wait until April 1, 2001, to make your first mandatory withdrawal. However, this may be a bad idea, because you will have to make your second withdrawal by December 31, 2001. One exception -- if you are still working, I believe that you are not required to take mandatory withdrawals from a 401(k) plan through your current employer. I may be wrong about this, though. --Bob
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