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February 17, 2009

Age 70 ½

Your Guide



6-months after the 70th anniversary of an individual’s date-of-birth.

The significance of age 70 ½ is that the individual’s required beginning date is April 1, of the year that follows the year in which the individual reaches age 70 ½ , unless a permissible exception applies.


Referring Cite

Treas. Reg. 1.401(a)(9)-2, Q&A 3

Additional Helpful Information

An individual attains age 70½ as of the date six calendar months after the 70th anniversary of the individual’s birth. For example, if an individual’s date of birth was June 30, 1933, the 70th anniversary of such individual’s birth is June 30, 2003.

Such individual attains age 70½ on December 30, 2003. Consequently, if the individual is a 5–percent owner or retired, such individual’s required beginning date is April 1, 2004. However, if the individual’s date of birth was July 1, 1933, the 70th anniversary of such individual’s birth would be July 1, 2003. Such individual would then attain age 70½ on January 1, 2004 and such individual required beginning date would be April 1, 2005. (Treas. Reg. 1.401(a)(9)-2, Q&A 3).

Written By

Denise Appleby

Denise is CEO of Appleby Retirement Consulting Inc., a firm that provides IRA resources for financial/ tax/legal professionals. She has over 20 years of experience in the retirement plans field, which includes training and technical consultation.

Denise writes and publishes educational /marketing tools for advisors; available at Denise co-authored several books on IRAs

Denise is a graduate of The John Marshall Law School, where she obtained a Masters of Jurisprudence in Employee Benefits, and has earned 5 professional retirement designations.
She has appeared on numerous media programs, sharing her insights on retirement tax laws.


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