Q: I retired on April 30 and rolled my 401(k) into a traditional IRA. I also turned 74 on April 30. When must I begin withdrawing from my IRA?
A: You must begin taking withdrawals this year.
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Mike Miles
Mike Miles is a Certified Financial Planner licensee and principal adviser for Variplan LLC, an independent fiduciary in Vienna, Virginia. Email your financial questions to fedexperts@federaltimes.com and view his blog at money.federaltimes.com.