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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.
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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.

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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.

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