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Home > Money & Services > Taxes   »   401 k mandatory withdrawel

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Old Sep 17, 2007, 10:06 AM
richparry
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401 k mandatory withdrawel
Where do I find and what's the formula that determines how much I have to withdraw FROM MY 401k now that I'm 70 1/2 years old?
Rich Parry

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Old Sep 17, 2007, 10:22 AM   #2  
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You need to discuss this with the plan admins. The formula is based on YOUR individual life expectancy.
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Old Sep 17, 2007, 12:00 PM   #3  
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Actually, it can also be determined by your beneficiary's life expectancy.

Additionally, you must factor in other retirement plans (like other 401Ks and traditional IRAs) that have a mandated withdrawal at 70.5 years of age.
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