Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 0
I am reaching my fifty - ninth birthday and 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 in the following six months. This is due to rules regarding IRA's which state that, at the time the participant in such a plan reaches 59 and 1/2 years of age, the participant must begin to liquidate the assets accumulated in that IRA. Could someone please tell me how should I approach this process? Are there other means available that I could avoid or postpone the eventual tax consequences from this process?
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.