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View Full Version : My birthdate is 7/13/1941. What year must I begin withdrawing from my 401K?


wacoghlan
Apr 21, 2010, 12:28 PM
I am thinking I won't actually be 70 1/2 until early 2012.

ebaines
Apr 21, 2010, 01:06 PM
You must take a mandatory distribution by April 1 of the calendar year after the later of (a) the calendar year you turn 70-1/2, or (b) the year you retire. You turn 70-1/2 in January 2012, so you must start withdrawing by April 1, 2013 (unless you have not yet retired as of Dec 31, 2012).