© 2025 WGCU News
PBS and NPR for Southwest Florida
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Baby Boomers Begin Withdrawing From Retirement Accounts

The government requires that anyone 70 1/2 years old or older withdraw annually from tax-deferred retirement accounts. (Pixabay)
The government requires that anyone 70 1/2 years old or older withdraw annually from tax-deferred retirement accounts. (Pixabay)

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.

 

Copyright 2020 NPR. To see more, visit https://www.npr.org.