401K RMD
When an individual has a 401K plan and continues working beyond age 70 1/2, when they stop working are they required to take an RMD in the year they stop working or by 12/31 of the year following the year they stop working?
When an individual has a 401K plan and continues working beyond age 70 1/2, when they stop working are they required to take an RMD in the year they stop working or by 12/31 of the year following the year they stop working?
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Permalink Submitted by Alan - IRA critic on Wed, 2017-06-07 19:16
They are required to take the RMD for the year they retired by 4/1 of the following year.