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Retirement tax questions
In general, you are required to begin taking Required Minimum Contributions (RMD's) from your 401(k) plan the later of the calendar year in which you reach age 70½ or when you retire.
However, the specific terms of your 401(k) plan govern when you must begin RMD's. You will need to check with your 401(k) Plan Administrator to determine whether or not you can delay your RMD's until you actually retire.
For more information, you can click this link to check out this IRS Retirement Topic: Required Minimum Distributions (RMD's).
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December 17, 2019
5:24 AM