Baby Boomers Begin Withdrawing From Retirement Accounts

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The government requires that anyone 70 1/2 years old or older withdraw annually from tax-deferred retirement accounts. (Pixabay)
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This month marks an important benchmark for baby boomers — the oldest of the generation are now hitting 70 1/2 years old, and the government requires that anyone that age or older withdraw annually from tax-deferred retirement accounts.

Here & Now‘s Jeremy Hobson speaks with CBS News’ Jill Schlesinger (@jillonmoney), host of “Jill on Money” and the podcast “Better Off,” about what boomers should do with the money they withdraw, and about the larger implications for the economy.

 

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