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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.
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.
Can I postpone taking the RMD if I'm still working? 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.
However, even if you are still working then you must still take RMDs from: IRA accounts, including SIMPLE and SEP IRAs Other retirement plans in which you are no longer an active participant
Just as the name suggests, required minimum distributions are a minimum amount of money that must be withdrawn from a traditional IRA, rollover IRA, or 401(k) account once you turn 73 years old ...
If you're still working at age 73, you may be able to delay RMDs even longer. You don't have to take RMDs from a defined contribution plan like a 401(k) until after you retire (if your plan allows ...
Image source: Getty Images. RMDs begin at age 73 for individuals born in 1951 or later. Traditionally, required minimum distributions (RMDs) have started at age 70 and 1/2 (born before July 1949 ...
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related to: delaying rmd if still working full time after retirement rules