Permalink Submitted by Alan - IRA critic on Tue, 2019-10-22 18:10
Usually not, unless you are a >5% owner. However, there are a few plans that require ALL employees to start RMDs at 70.5 which they are allowed to do. However, these are PLAN RMDs, not statutory RMDs. That allows these employees who are not >5% owners to roll over the plan RMD to an IRA, eliminating the tax bill.
Permalink Submitted by Alan - IRA critic on Tue, 2019-10-22 18:10
Usually not, unless you are a >5% owner. However, there are a few plans that require ALL employees to start RMDs at 70.5 which they are allowed to do. However, these are PLAN RMDs, not statutory RMDs. That allows these employees who are not >5% owners to roll over the plan RMD to an IRA, eliminating the tax bill.