First RMD Working After Age 72
A client delayed their 401k RMD by still working and retired at age 73 mid-year. Their first RMD is required for the current year. Do they need to keep their assets in the employer’s 401k plan to delay their first year RMD until April 1 of the following year, or can they roll over their 401k to an IRA and still delay their RMD until April of the following year?
Permalink Submitted by Alan - IRA critic on Mon, 2022-06-13 04:18