Keogh & RMDs
Does one have to take RMD s from a Keogh at 70 1/2 if one still has self-employed Sch C activity & is making annual contributions to the Keogh? I am in addition still fully employed elsewhere & contributing to a 403(b) also & not taking RMDs there. Thank you.
Permalink Submitted by Alan - IRA critic on Tue, 2017-02-28 00:28
You are probably a 5% or greater owner of business, so your Keogh RMDS must begin at 70.5 even though you can still contribute. For the 403b plan, you are not a 5% owner so no RMDs until you retire.