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3. Workplace retirement plans have an RMD exception. If you have a retirement plan at work, such as a 401(k) or 403(b), there’s an important RMD exception.
Roth 401(k) plans and Roth 403(b) plans are no longer subject to RMD rules. Designated Roth accounts in 401(k) and 403(b) plans were subject to RMD rules in 2023, but that changed in 2024 due to ...
Required minimum distributions begin at 73, but you can choose to delay your first distribution Under the SECURE Act 2.0, the new required minimum distribution age is 73. This went into effect for ...
You can now keep your funds in your 401(k), and you won't have to take an RMD. That puts it on equal footing with the Roth IRA. ... but you can take assets from your retirement account and send ...
If you decided to save in a Roth 401(k) instead of your employer's tax-deferred 401(k) option, you can breathe easy. You don't have to take an RMD from Roth accounts in your 401(k) anymore. The ...
Image source: Getty Images. 1. Roth 401(k)s are now exempt. Just as important as taking your full RMD on time may be avoiding withdrawing funds from a tax-protected account unnecessarily.