I turned 70.5 in November this year and I did not withdraw any funds from my TD Ameritrdae IRA account. I am still workng and contributing to an IRA account at work.

When do I have to make mandatory withdrawals?

Will I be penlized for not taking a distribution from my TDA account in 2009?

You can still withdraw the funds to avoid any penalties, as you must start making withdrawals in the year AFTER you turn 70.5, which means you need to make arrangements for minimum distribution sometime in 2010.

Your required beginning date will be 1 April 2010, and you must get that distribution BEFORE 1 April 2010.

Contact TD Ameritrade to let them know how much is in your IRA at work; they will need to know that to properly calculate what your minimum distribution must be.

I think the "Worker, Retiree, and Employer Recovery Act of 2008" waived the requirement for mandatory distributions for 2009. I think this applies to you - but I'm not absolutely certain. Call TD Ameritrade and ask about this - as the custodian they would face large IRS penalties if they fail to make a mandatory distribution, so I would bet that they will know. They can also tell you just how much the minimum distribution will be - the amount varies depending on the age and relationship of your benficiary(ies).