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justin

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  1. I have a client that has a 403(b) plan. He is retiring effective December 31, 2003. He is to receive one last payment of $170,000 in January of 2004. He also turns 70 1/2 in 2003. 1) I think he can put off the required minimum distributions until his retirement, instead of the 70 1/2 rule under 401(a)(9). Can he put them off until 2005 because he's receiving a payment in 2004? 2) When is he considered "retired", and can he make contributions in 2004? Thanks for your help.
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