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.