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Whether you need to take an RMD if still working depends on the type of account you have. If you only have a traditional IRA, then you’d need to plan for RMDs beginning at age 72, regardless of ...
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.
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If your spouse was younger than 72 or turned 72 in 2023, you can delay RMDs until your spouse would have reached age 72, or 73 if they turned 72 in 2023. RMD rules can get complicated quickly.
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 ...
The start date for required minimum distributions has been rolled back a few times over the years, most recently with the SECURE 2.0 Act.If you turned 72 during or before the year 2022, you must ...
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 ...
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. There are ...