turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

At 71 I'm still working. Does that mean I don't have to take RMD from any 401k, even employers I no longer work for?

Not working full time but still contributing through an employer.
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
MargaretL
Expert Alumni

At 71 I'm still working. Does that mean I don't have to take RMD from any 401k, even employers I no longer work for?

No - it  does not mean you don't have to take RMD from any of the 401K...it means you can delay taking RMD from your current employer-provided plan, such as your 401(k), until April 1 of the year after you retire - the “still working” exception only applies to your current employer.

Note:  You do have to make mandatory withdrawals from your IRAs once you reach 70 and 1/2, regardless of your working status.

View solution in original post

1 Reply
MargaretL
Expert Alumni

At 71 I'm still working. Does that mean I don't have to take RMD from any 401k, even employers I no longer work for?

No - it  does not mean you don't have to take RMD from any of the 401K...it means you can delay taking RMD from your current employer-provided plan, such as your 401(k), until April 1 of the year after you retire - the “still working” exception only applies to your current employer.

Note:  You do have to make mandatory withdrawals from your IRAs once you reach 70 and 1/2, regardless of your working status.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question