Harvard Law Attorney George Blower explains whether you can rollover a required minimum distribution (RMD) from a Solo 401k to an IRA.
Sidedoor 401k: Can I contribute Required Minimum Distributions (RMDs) from an inherited IRA into my Solo 401k?
Please check out this good question from our one of our daily My Community Q&A Webinars. Subscribe to our YouTube Channel to get notifications of our Daily FAQs. Can I take a Solo 401k Loan to satisfy my Required Minimum Distribution (RMD)? QUESTION: I have a solo 401k that I have been contributing to for several years. As […]
The requirement to make Required Minimum Distributions from your solo 401k is back for 2021. The Coronavirus Aid, Relief, and Economic Security (CARES) Act allowed plan sponsors to suspend required minimum distributions payable in 2020. There is no similar relief for 2021. Required minimum distributions for 2021 must be paid no later than December 31, […]
Last Updated November 24, 2022 For required minimum distributions (RMDs) beginning January 1, 2022 and after, the IRS on Nov. 6 issued final regulations that update the life expectancy and distribution period tables used for purposes of determining required minimum distributions (RMDs) from IRAs and qualified plans such as solo 401k plans. The main takeaway […]
While most solo 401k owners who are 70 ½ or older will need to take a 2018 required minimum distribution (RMD) by December 31, 2018. However, that deadline does not apply to all solo 401k owners. Solo 401k owners who are age 70 ½ or over are not required to be take an RMD from their solo 401k by […]
