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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?
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