A helpful link about delaying RMD


Q. I am aware that I do NOT have to take a RMD from my TSP if I am still working full time as a Fed beyond age 70. My Fed colleague and I would like to “Job Share”, with each of us working twenty hours per week after age 70. Will the IRS let me take only half what my RMD would have been had I retired full time? I don’t need the distribution money and prefer to leave as much as possible in the TSP. 

A. As long as you are not separated from federal service, you may delay your RMD. I am not aware of any requirement that your federal employment after age 70 be full-time. See the notice at https://www.tsp.gov/PDF/formspubs/tsp-775.pdf for more information.


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Mike Miles is a Certified Financial Planner licensee and principal adviser for Variplan LLC, an independent fiduciary in Vienna, Virginia. Email your financial questions to fedexperts@federaltimes.com and view his blog at money.federaltimes.com.

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