Keough plan and RMD

Is age at which 100% owner of Keough plan have to start taking distributions from that keough plan 70 1/2, even if they are still operating the business?

My research indicates that Keough plan generally treated same as other retirement plans , and as such no deferral is allowed beyond 70 1/2 since owner of Keough is > 5% owner.

Thanks as always



You are correct. Age 70.5 applies here.



Alan,

As always thanl you so much

Howard



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