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New law allows seniors to delay tapping retirement funds

Published 12/30/2008, Duluth News Tribune

Some retirees will be granted a bit of a reprieve in 2009 by a bill signed into law last week by President Bush. During the coming year, seniors age 70½ or older won’t be forced to withdraw the required portion of their investment portfolio from 401(k)s or conventional Individual Retirement Accounts as they have in the past.

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