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Must I withdraw from my 401k when I become 72? If so how much. I am still actively working.

 
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2 Replies
MinhT1
Expert Alumni

Must I withdraw from my 401k when I become 72? If so how much. I am still actively working.

If you reach age 72 in 2021, you are normally required to take Required Minimum distributions (RMDs) before April 1, 2022.

 

However, if you are still working at the employer sponsoring your 401(k). yo can delay RMDs until April 1 of the year following your retirement, if your pan allows it.

 

Please read this IRS document for more information.

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Must I withdraw from my 401k when I become 72? If so how much. I am still actively working.

If you are still working for a company when you reach the age for starting RMDs from your company's 401(k), generally, you can delay taking the RMDs until you retire. ... If you own more than 5% of the business for which you are working, you cannot delay 401(k) RMDs. 

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