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Community: Investing Wiki

Term Of The Hour

IRA account life: Original post by Mark Kennan of Demand Media Starting at age 70 1/2, the Internal Revenue Service forces you to start taking money out of your traditional IRAs. Calculating your life expectancy affects your calculation of how much you have to withdraw from your IRA for minimum required distributions. Using the wrong number results in an incorrect minimum distribution amount, which can cause you to…

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