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
Permalink Submitted by Alan Spross on Tue, 2010-01-12 17:45
You are correct. Age 70.5 applies here.
Permalink Submitted by Howard Hook on Tue, 2010-01-12 20:53
Alan,
As always thanl you so much
Howard