Would I need to take a distribution from my 401k if I'm still earning a paycheck when I'm 70 1/2?

Retirement, 401(k)
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August 2016
88% of people found this answer helpful

The good news for you is that won’t have to take RMDs for your 401(k) from your current employers plan while still employed there. You will still need to take RMDs from old 401(K) plans or IRA. 

Consult with your tax professional for more specifics. Also check out the article "RMD Tips : Maximize your Retirement Savings"   if you want some ideas of ways to make the most of your RMDs that you don’t want to spend right now.

Yours In Success,

David Rae CFP®, AIF®  Financial Planner LA


Securities and advisory services offered through National Planning Corporation (NPC), Member FINRA, SIPC, a Registered Investment Advisor. Trilogy Capital Trilogy Financial and NPC are separate and unrelated entities.  The opinions voiced in this article are for general information only and do not constitute an endorsement by NPC. NPC does not provide tax advice.

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