Retirement plan decisions made easy
When Do I Have to Start Taking Money From My 401k Account?
As a general rule, you must start taking money out of your 401k plan by April 1st of the year after you turn 70 1/2 years old. However, if you keep working past that age, and you do not own a major part of the business that provides the 401k plan, you can wait until you retire. More information about when you have to start taking money from your 401k account is in Lesson 7 of our free online course, The ABCs of Your 401k.
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