at seventy and ahalf ,how much do i have to take out of my ira,i have 6,ooo in my ira?

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at seventy and ahalf ,how much do i have to take out of my ira,i have 6,ooo in my ira?

2007-01-09 06:26:23 · 2 answers · asked by patt m 1 in Business & Finance ➔ Taxes ➔ United States

2 answers

I don't understand your question. Can you rephrase it?

2007-01-09 06:32:53 · answer #1 · answered by Shannon L - Gavin's Mommy 6 · 0⤊ 0⤋

If you turned 70.5 in 2006 you must take a distribution by April 15, 2007, and a second distribution before December 31, 2007.

The first distribution is about $220 and the second is about the same. To be safe I'd take out $500 and you will be fine for 2007.

2007-01-09 14:33:37 · answer #2 · answered by ninasgramma 7 · 1⤊ 0⤋