Saving Tip For Today » 7/19/2010


Turning 70.5 yrs?

This advice comes from AARP. If you have turned 70 1/2 years of age you will have to take money out of your 401(k) or IRA by April 1, 2011. Do it this year not next. Some experts say income tax rates may rise next year, which would mean a bigger bite our of your withdrawal.

SOURCE: AARP

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