oldman63 Posted September 27, 2019 Posted September 27, 2019 My understanding is a more than 5% owner of a business who is still actively working has to take a minimum distribution each year. Does it make sense to contribute to their retirement plan? If they have an IRA, can they aggregate the 401k balance and IRA balance, taking the RMD out of their IRA? Thoughts?
ESOP Guy Posted September 27, 2019 Posted September 27, 2019 24 minutes ago, oldman63 said: If they have an IRA, can they aggregate the 401k balance and IRA balance, taking the RMD out of their IRA? No
ESOP Guy Posted September 27, 2019 Posted September 27, 2019 This question appears to have been asked twice and answered in the other version.
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