RMD Rules for Simple IRA While Working
Are you required to take an RMD (Age 75) from your simple IRA if you are still working and contributing to the plan?
Are you required to take an RMD (Age 75) from your simple IRA if you are still working and contributing to the plan?
Permalink Submitted by Alan - IRA critic on Thu, 2022-09-01 14:03
Yes. IRA accounts of all types do not have a “still working” exception to RMDs. You can contribute, but also need to take RMDs. Your SIMPLE IRA RMD can be withdrawn in any combination from other IRAs you own if you do not want to take it from the SIMPLE IRA.