My understanding that RMD's not required for 401K accts., if still working. If so, is there is dollar formula for it? Doesn't seem right that if working very little PT can stop the RMD. Other words, earn 2K, have 5% of it go to 401K and thus no RMD. also, if there are more than one 401K acct from different employers, will the working stop all RMD's from all 401K accts?
tks all
To answer the last question, no, only the employer plan of your current employer is allowed delay of the RMD start.
Also, while tax law might allow waiting until you leave the job, the employer's plan itself might still require RMD's starting at the usual time (Apr 1 after the year you turn 70.5). The plan might also treat part-timers differently from full-timers. No, there is no dollar formula.
The attribute "doesn't seem right" is true of many aspects of tax law.
BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.