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Bill
Bill, Enrolled Agent
Category: Tax
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Experience:  EA, CEBS - 35 years experience providing financial advice
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Is the required minimun withdrawel from a 401k applicable if

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Is the required minimun withdrawel from a 401k applicable if I am still working full time?
thank you, Customer
Submitted: 7 years ago.
Category: Tax
Expert:  Bill replied 7 years ago.

If you own less than 5% of the company sponsoring the plan and the plan permits employees to elect not to take required minimum distributions (RMDs) then RMDs are not required as long as you continue to work for the company.

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