Traditional IRAs

December 5, 2016

IRA owners who turned 70 1/2 this year should consider delaying withdrawals. Folks age 70 1/2 and up must take distributions from their traditional IRAs each year. Those who've turned 70 1/2 this year can postpone their 2016 payout until April 1, 2017. Doing so not only delays the tax bill, but also could save money if tax rates decrease.

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