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Attention 75+ Retirees: You May be able to Avoid RMDs (temporarily, anyway)

There are circumstances in which seniors can delay taking required minimum distributions from employer-sponsored plans like a 401(k) or a 403(b) plans. There are qualifications, though, beginning with the requirement that you must remain an employee (not a contractor) of the sponsoring employer. In addition, you may not be more than a 5% owner of the sponsoring company. Check out this article by SmartAsset’s Eric Reed for more information, then double-check with your accountant to verify your eligibility.

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