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A participant who is a More than 5% Owner at any time during the plan year ending with or within the calendar year in which such participant attains age 70 1/2 must get an RMD, even if employed, and must continue to receive RMDs even if they cease to be a 5% owner.

I just want to make sure I didn't miss something else - if a partner sells out at age 65, but continues to work as an employee, then they don't have to take an RMD as long as they are working, right?

Ed Snyder

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