Your Money Adviser: If You’re 70½, It’s Time to Take Money From Your Retirement Account

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The I.R.S. requires the withdrawals because most retirement accounts allow people to postpone paying taxes. But the government wants its taxes eventually.

view The New York Times: Business
#pensions and retirement plans
#internal revenue service
#income tax
#individual retirement accounts
#federal taxes us
#401k 403b and 457 plans