Compass
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Regional Vice President of Sales The Retirement Plan Company
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Bates & Company, Inc.
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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AimPoint Pension
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Loan & Distribution Specialist AimPoint Pension
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Delaying Qualified Plan RMDs with the 'Still Working' Exception
Nerd's Eye View July 18, 2018
"[D]efining precisely what it means to be 'still working' (e.g., 1 hour per week, 10 hours, 20 hours?) is not something that the IRS has done. However, the general interpretation based on a plain reading of the law is that, as long as the employer still considers an individual employed, that person is 'still employed' for the purpose of the still-working exception (even if the ongoing work is of a relatively limited nature).... Another complication with determining whether an individual is 'still working' is the exclusion of the rule for 5% owners of a business.... Fortunately, this complexity does create planning opportunities which individuals can use to reduce (or at least delay) their tax bill."
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