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by Jean Levey on March 16th, 2005

Jean Levey

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Do you have to start withdrawing money from a 401K at age 70 1/2?
If you're still working?

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Answers. 4 helpful answers below.

  • by jenniferprofitt on May 24th, 2005

    jenniferprofitt

    You can elect to delay your first required minimum distribution until April 1 of the following year.

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  • by straubby on March 30th, 2005

    straubby

    The age for Minimum Required Distributions from the account is indeed 70 1/2 but some plans do allow people to defer their MRD if they are still working. You would want to consult your specific plan information on this matter.

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  • by Kyleegirl on June 9th, 2008

    Kyleegirl

    If working full time , no

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  • by pammieu812 on December 12th, 2009

    pammieu812

    yes, by law you must start withdrawing something from this account. It could be five dollars monthly but one does have to start drawing down on the account

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