Anonymous
Not applicable

Retirement tax questions

yes you must take an RMD.   however, the distribution for the year you reach 70 1/2 can be delayed until 4/1 of the following year   but then in that year you must take a second distribution by 12/31 ( reg  1.408-8  Q&A 2)  

 

you can still contribute to your SIMPLE

 

 

Required minimum distribution rules apply to all employer-sponsored retirement plans, including profit-sharing plans, 401(k) plans, Roth 401(k)s, 403(b) plans, and 457(b) plans, as well as to traditional IRAs and IRA-based plans such as SEPs, SARSEPs and SIMPLE IRAs. The rules don’t apply to Roth IRAs.