The "Still Working" Exception allows you to delay taking RMDs, but consider tax implications.
If you’re still working, you may be able to delay taking Required Minimum Distributions (RMDs) from your retirement accounts. Make sure to check with your plan administrator to see if your plan includes the “still working” exception. However, delaying RMDs can have tax implications, as the distributions will be larger when you eventually take them. Consider speaking with a financial advisor or tax professional to determine the best course of action for your situation. The still-working exception has specific eligibility requirements, and it’s essential to understand the details before making a decision. Remember, RMDs are mandatory, but you may have options if you’re still working and would prefer to wait.
Read more at Nasdaq: How the “Still Working” Exception Can Help You Delay RMDs