No. of Recommendations: 0
are 401k,s and ira,s the same as far as the IRS is concerned?my main concern is the minimum distribution parameters

I believe there are some differences.

In a 401k, you can elect out of taking your required min distribution if:

* you are still employeed
* your are not a 5% owner (by IRS definition)

I don't believe there's any way to "elect out" of taking the distribution for IRA's.

I'm sure another fool will elaborate on this subject further.
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.