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-   -   401 k mandatory withdrawel (https://www.askmehelpdesk.com/showthread.php?t=130533)

  • Sep 17, 2007, 11:06 AM
    richparry
    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
  • Sep 17, 2007, 11:22 AM
    ScottGem
    You need to discuss this with the plan admins. The formula is based on YOUR individual life expectancy.
  • Sep 17, 2007, 01:00 PM
    AtlantaTaxExpert
    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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