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Subject:  RMD for IRA and 401(k) Date:  1/31/2016  1:44 PM
Author:  culcha Number:  123438 of 129584

The IRS states: "You generally have to start taking withdrawals from your IRA, SIMPLE IRA, SEP IRA, or retirement plan account when you reach age 70½."
Ok. So that is "generally" true.

Suppose I'm still working beyond that age. I believe that the RMD for the (traditional) IRA would still apply, but does it also apply for the 401(k)? (Or is that dependent upon the local workplace rules?)

Why does the IRS say "generally"? I had always assumed it was a fixed rule (for the types of account that they mention).

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