, . ••• tax deductable. For more pecific • partial deduc:a· coiltact your ae- .COIIDlaIDl! A. You may coottm te to 1989 IRA startin& January 1, 1989 until April 15, 1989 is the day! are over 59 1fl years old there will be no U.S. Government peualty applied to redemptio . You do ot have to take the proceeds from your IRA until age 70 1/l thea you take the proceeds ccordiag to mortality tab for yo r sex. The proceeds do not have to be redeemed, they call be trans- . (erred to a IRA account A. You should take the Ibly iDoome &om your IRA. proceeds will be federal taxable b t . oe you I .