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Can I defer required minimum distributions (RMDs) from my IRA?

I have an employer-sponsored 401(k) and a rollover IRA. I have transferred much of the 401(k) balance to the IRA. I am approaching age 70.5. Under the 401(k), I can defer the RMDs so long as I continue to work and maintain ownership interest in the business of less than 5 percent. May I also defer RMDs from the IRA?

401(k), IRAs
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2 weeks ago

Unfortunately, no.  You cannot defer the RMD’s from your IRA in the scenario that you present.  However, if you moved the IRA balance into the 401k of your current employer – and you own no more than 5% of the employer – you may defer the RMD’s on that balance.

Thanks for your question and contact me if I can be of assistance.

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