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RMS delays and Solo 401ks

  1. If I am self-employed and contribute each year into a Self-Directed 401k, must I make RMDs at 70 1/2 if I am still working?

  1. If so, can I roll money in advance from a traditional IRA into the solo 401K?

Thanks

Reply to
N Ravo
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Yes you must take RMDs at age 70 1/2 as you have more than a 5% interest in the capital or profits of your business.

I am not sure what you are asking so I will answer it this way.

You can't roll over RMDs to avoid taxation. At age 70 1/2 you would have to take an RMD from your IRA(s) and an RMD from your 401K.

Reply to
Alan

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