rmd 401k
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semtex111
Member Posts: 1 Newcomer
79 worked all of 2024 company 401k,direct rollover to ira 2025 retired 2025 is first rmd due the year you retire ? thanks,marty
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Answers
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Hello,
Generally, the age you are supposed to start taking RMDs is currently 73.
However, the IRS does say that if you are a participant in a workplace retirement plan (like a 401(k)), you can delay taking RMDs until the year you retire unless you are a 5% owner of the business supporting the plan.
I would recommend reviewing the link I provided for more information about RMDs.
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