I have been asked this question a number of times in the past few weeks, most recently by two men that are past age 70 but still working at their corporate jobs.

Q: “If I am older than 70.5 years but am still contributing to my 401(k), do I need to take withdrawals?”
A: Withdrawals need to be taken from any standard IRA, or Rollover IRA that you may have, but if you are contributing to your company 401(k), you do not need to take required withdrawals from that account.

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