401k & 403b
I know you cannot fund an IRA after 70 1/2.
a. however, can you continue to fund a 401k & 403b after 70 1/2 while you are still working for the employer?
b. do you have to take out an rmd from the 401k or 403b?
Thank you,
doug
I know you cannot fund an IRA after 70 1/2.
a. however, can you continue to fund a 401k & 403b after 70 1/2 while you are still working for the employer?
b. do you have to take out an rmd from the 401k or 403b?
Thank you,
doug
Permalink Submitted by Denise Appleby on Tue, 2008-09-09 17:50
a)yes
0) If the plan allows participants who are still employed to defer their [url=http://www.retirementdictionary.com/Required-beginning-date.htm%5DRBD%5B/url%5D, then RMDs need not begin for participants who are age 70 1/2 and older until they retire