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Read excerpt below:
November 19, 2008
By Tom Herman
The Wall Street Journal
Amid growing concern over the stock market's severe drop,
government officials are considering last-minute relief from
rules requiring millions of Americans who are 701/2 or older
to withdraw money from their retirement accounts.
Among the possible changes: allowing taxpayers to delay taking
required withdrawals from their individual retirement accounts,
401(k) plans and other similar accounts this year -- or at
least reducing the amount that must be withdrawn. Also under
consideration are various ways to provide tax relief for people
who already have made their required withdrawals for this
year.
Read entire article: http://online.wsj.com/article/SB122705736367039573.html?mod=googlenews_wsj
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