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Consider talking to a financial advisor about when it makes sense to begin taking required minimum distributions and how you might be able to delay them if you plan to work beyond age 72.
For one, if you are still working after retirement, you may be able to delay RMDs. This only affects 401(k) plans, not IRAs. This only affects 401(k) plans, not IRAs.
In most cases, you can postpone taking RMDs from a workplace retirement plan -- like a 401(k), 403(b) or 457(b) -- until you retire. There are exceptions, and this option isn't available for IRAs.
However, you still need to take an RMD if you still have a retirement account from a former employer. Tips for Finding a Financial Advisor Finding a financial advisor doesn’t have to be hard.
Image source: Getty Images. 1. You can only invest in certain accounts. If you're reinvesting your RMD, you can't put that money back into a tax-deferred account like a 401(k) or traditional IRA ...
The IRS gives workers over the age of 73 an RMD exception on money in an employer-sponsored plan as long as you are still working at the company that sponsors the plan and own less than 5 percent ...
3. Workplace retirement plans have an RMD exception. If you have a retirement plan at work, such as a 401(k) or 403(b), there’s an important RMD exception.
There are exceptions for Roth accounts and employer-sponsored plans if you're still working and own less than 5% of the company. ... if you don't take your full RMD. In our example from above, if ...
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related to: delaying rmd if still working full time after retirement