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RMD Still working at age 70.5 401k

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    RMD Still working at age 70.5 401k

    If a lady aged 70.5 works and is putting money into her current employers 401k does she have to take an RMD from that pot of money?

    We understand her other IRA accounts will need to have money come out by year end.

    Thanks.

    #2
    Qf 14-3

    says withdrawals must begin at 70-1/2 or year of retirement for employees, whichever is later

    Seems she's OK as long as she's still working

    Comment


      #3
      No on 401K over 70.5 if still working

      Agree with Abby.

      http://www.irahelp.com/cgi-bin/forum...ames/read/2253 from Ed Slott

      Only taxpayer's other retirement accounts, not the 401k while she is still employed and contributing to. That would be started the following April 1 after retirement date.

      Sandy

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