Are you required to take the Required Minimum Distribution (RMD) from a 401K if you are still actively employed?
Answer
If you continue to work beyond age 70 1/2, and do not own more than 5% of the business you work for, you may be able to defer taking distributions from your employer sponsored retirement plan until April 1 of the calendar year after the year in which you retire. Please consult with your Plan Administrator to determine your Required Beginning Date.
