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701/2 And Still Working...Do I Need To Take A MRD This Year?

Another common MRD question.  Here's the answer:

Distributions from your IRA accounts are always made, whether you are working or retired.  

You may be able to delay the MRD from your 401k plan if you are still employed and not a 5% owner.  Take a look at IRS Publication 590 or consult your tax advisor on any minimum required distribution question.

Posted on Tuesday, November 18 by Registered CommenterWise Owl in | Comments Off