Bird Posted August 30, 2012 Posted August 30, 2012 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
ETA Consulting LLC Posted August 30, 2012 Posted August 30, 2012 Agreed. Second confirmation CPC, QPA, QKA, TGPC, ERPA
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