Seniors don’t need to sell stock
- Share via
Your report, based on a McCain speech in La Crosse, Wis., (“McCain Weighs New Strategy,” Oct 10) says McCain has already called for suspending rules that require seniors to sell their stocks at age 70 1/2 in the midst of a financial crisis.
But this is nonsense. Under present rules no one has to sell stock! Stock (or mutual funds, etc.) can be transferred from an IRA or 401(k) (referred to by McCain) to a personal account to satisfy the retirement fund withdrawal requirements.
Peter D. Noerdlinger
Boulder, Colo.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
