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for those seniors facing a minimum withdrawal of 401K savings allow a one year delay for the stock market to rebound.

Created by J.C. on September 22, 2011

Seniors are required to make a minimum withdrawal every year after the age of 70.5 so that their savings are consumed by the end of their life expectancy. However the stock market has lost all of the earnings gained in 2011. What this means is that seniors have already taken a loss equivalent to a minimum withdrawal. So in order to keep from over consuming the 401K the minimum withdrawal should be postponed as it has been in the past.

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