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Accountant: When I reach 70 and 1/2 is there a way to avoid

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for an accountant: When I reach...
for an accountant:
When I reach 70 and 1/2 is there a way to avoid the minimum payouts from my defined benefit account? By then I will have $5-6 million in IRA's and defined benefit accounts but will still be working and possibly still adding to my defined benefit account.
Tom ********
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Submitted: 1 year ago.Category: Finance
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7/22/2016
Financial Professional: PDtax, CPA, MBA replied 1 year ago
PDtax
PDtax, CPA, MBA
Category: Finance
Satisfied Customers: 4,712
Experience: Tax professional and business consultant for 35 years.
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Hi from just answer. I'm PDtax. I'll assist.

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Financial Professional: PDtax, CPA, MBA replied 1 year ago

There really isn't a way around the rmd rules. And you have to take distributions from both your IRA and your defined benefit accounts.

The tax rules do allow Roth IRA accounts to escape the rmd issues, so if you wanted to convert some, and pay the current tax, that might be value you save for your estate, since it could grow without you ever needing to take an rmd.

Sorry I didn't have a better solution. Please rate my assistance to complete your request. I'm PDtax.

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