Learn when you are required to pull money from your retirement accounts and find out how to avoid taking the required minimum distribution without paying any penalties.
0:01“If you’re still working and still contributing toward an active 401(k) plan, you do not have to take a required minimum distribution”
0:09 “A required minimum distribution is a mandate by law. Once you reach a certain age, you have to start taking distributions from your retirement account…Why? So the IRS gets your tax money!”
0:20 “If you are still working, you’re still an active participant in your 401(k) plan, you do not have to take a required minimum distribution until April 1st, the year after you retire or separate from service”
