Ask Experts Questions for FREE Help !
Ask
    apegaal's Avatar
    apegaal Posts: 1, Reputation: 1
    New Member
     
    #1

    Feb 15, 2007, 03:25 PM
    Withdrawal from IRA at 70 1/2
    I have multiple IRA accounts. Do I have to take a withdrawal from each one at age 70 1/2?

    Thanks
    PSUMAN99's Avatar
    PSUMAN99 Posts: 8, Reputation: 1
    New Member
     
    #2

    Feb 17, 2007, 06:58 PM
    I think you are only required to withdraw a set amount overall... I think it can be from any of your accounts.

    If you have a Roth IRA, you are not required to take withdrawals.
    flowerbarbi's Avatar
    flowerbarbi Posts: 2, Reputation: 1
    New Member
     
    #3

    Mar 19, 2007, 10:07 AM
    I have an Retirement Account (RA) invested in a CD. Will I have to withdraw when I reach 70 1/2?
    flowerbarbi's Avatar
    flowerbarbi Posts: 2, Reputation: 1
    New Member
     
    #4

    Mar 19, 2007, 10:09 AM
    I have a Retirement Account (RA) invested in a CD. Do I have to withdraw at age 70 1/2?

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

IRA Withdrawal at 70-1/2 [ 1 Answers ]

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.

IRA Early Withdrawal Timing for Penalty and Taxes [ 1 Answers ]

If I make an early withdrawal from my IRA, I know I will pay a 10% penalty and taxes on the money. WHEN do I pay these? Immediately? Immediately for the penalty and next April 15th for the taxes, or next April 15 for both? Thanks in advance. :confused:

Hardship withdrawal [ 4 Answers ]

Hi, What kind of documentation is needed to prove a hardship. I am in danger of being evicted by my landlord. My credit cards are maxed, my bills and expenses for myself and my dependents is beyond my income. What steps do I need to do to get this hardship proved and how long is the...

Early withdrawal [ 5 Answers ]

I need to withdraw my 401 K funds but have been told I can't do it because I am still working for the company. My total is fully vested. I don't qualify for a hardship withdrawel & already have 2 loans on it. Is there anything I can do?

IRA Withdrawal [ 1 Answers ]

Hi, My husband and I would like to put a down payment on a house using my IRA account. I am a first time buyer, but my husband is not. Is there a way to avoid the 10% penalty? Also, should we have the taxes withdrawn now or wait until tax time? Thanks.


View more questions Search