Mandatory IRA Withdrawals May Create Unforeseen Problems for Retirees

2016 is a big year for individual retirement accounts (IRA). Why? Because the first wave of U.S. baby boomers are turning 70 this year. That means they can begin taking mandatory withdrawals from their IRAs. Laura Sanders wrote a fantastic article for the Wall Street Journal about the complexities and tricky issues associated with mandatory withdrawals. She highlighted these challenges by following the withdrawal adventures of Natalie Choate, a Harvard Law graduate who literally wrote a book about IRAs and estate planning. Ms. Choate became eligible for her first mandatory withdrawal from her IRA and realized it was not as simple...

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