401k RMD rules
Hello,
Can we confirm when does a client need to start taking RMDs out of hers 401k plan? Does she need to do it if she is still working? Thank you.
Hello,
Can we confirm when does a client need to start taking RMDs out of hers 401k plan? Does she need to do it if she is still working? Thank you.
Permalink Submitted by Alan - IRA critic on Wed, 2025-03-05 13:28
Generally, while still working there are no RMDs unless the participant is a >5% owner of the employer in the first year that RMDs would otherwise apply. But there are a few plans that require all participants to start RMDs at the usual RMD age. Client should check with their particular plan.