Town Square

Post a New Topic

Seniors IRA Alert

Original post made by Mary, Duveneck/St. Francis, on Oct 10, 2008

Seniors over 70 1/2 LISTEN UP. We all must take out the 'required minimum distribution" in our IRA's and pay tax on it next April. The deadline for this withdrawal, as you well know, is this December 31st. BUT the amount we must take out is based on the amount in our accounts LAST DECEMBER 31ST.

PLEASE consider calling or e-mailing your congressional representative to

1) Cancel this required distribution for this year or at least

2) Base it on some other arbitrary date , e.g. the IRA value as of December 1, 2008.

Phone numbers for our congressional representatives are in the front of your phone book.

Comments (1)

Posted by query
a resident of Adobe-Meadow
on Oct 10, 2008 at 9:52 pm

Haven't you had all year to take this out?

Don't miss out on the discussion!
Sign up to be notified of new comments on this topic.


Post a comment

Sorry, but further commenting on this topic has been closed.

Stay informed.

Get the day's top headlines from Palo Alto Online sent to your inbox in the Express newsletter.

Stroll the streets of Paris on the Peninsula with Bon Marché
By The Peninsula Foodist | 2 comments | 4,454 views

Democracy and our police departments
By Diana Diamond | 7 comments | 3,340 views

"To keep your marriage brimming . . .
By Chandrama Anderson | 0 comments | 2,480 views

Using heat pump specs to answer your common sense questions
By Sherry Listgarten | 3 comments | 1,545 views