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References in periodicals archive ?
There is no required minimum withdrawal for Roth IRAs as there is with traditional IRAs and, therefore, the taxpayer can leave his Roth IRA intact for his beneficiaries, with no tax impact on either the taxpayer or his heirs.
Age 70 1/2 By April 1 of the year following the year you turn 70 1/2 you must start making required minimum withdrawals from your retirement plan or IRA.
A 65 year old who defers withdrawal of the same amount to age 70 and then makes the required minimum withdrawals will have $1,311,305 after 14 years if his fund earns 9% before taxes.
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