IRA account balances, as of December 31 of the previous year, are added together and then divided by an applicable divisor from a uniform table based on a taxpayer's age. The result is the minimum amount that you must withdraw. You can also choose to take more than this amount. Part or all of the money you withdraw will be subject to federal income tax. The uniform table is available in IRS Publication 590 at www.irs.gov or can be downloaded from the following Web site: http://njaes.rutgers.edu/money/ira-table.asp.
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