801399
You'll need to sign in or create an account to connect with an expert.
Yes. A SEP-IRA is a type of traditional IRA and RMDs are required of all traditional IRAs once the IRA ower has reached age 70½ regardless of employment status. The still-working exception only applies to qualified retirement plans like a 401(k) and only if the individual is not a 5% owner of the company.
Yes. A SEP-IRA is a type of traditional IRA and RMDs are required of all traditional IRAs once the IRA ower has reached age 70½ regardless of employment status. The still-working exception only applies to qualified retirement plans like a 401(k) and only if the individual is not a 5% owner of the company.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
SterlingSoul
New Member
candace-p
Level 1
Mike1127
Level 3
luisjesusnunopulido
New Member
Yomama3
New Member