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    russher's Avatar
    russher Posts: 1, Reputation: 1
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    #1

    Feb 2, 2007, 01:41 PM
    IRA Withdrawal at 70-1/2
    I will turn 70-1/2 in July of 2007. Is it better to withdraw the required amount for 2007 prior to July, or can I wait until December? I remember reading something about if one waits too long that you have to take two withdrawals in one year. I would prefer not to have to do that. Thank you.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    May 11, 2007, 01:20 PM
    You can wait until December, but I recommend you contact the IRA custodian and resolve all relevant issues well before December to avoid delays and problems.
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