If you have the skills, create a portfolio of products that your art would be great on. If you want to do toys, create some with your work. If you want to sell yourself as a voiceover, create pretend commercials or jingles that youâd do.
Depending upon the terms of your 401(k) or other employer plan, you may be able to delay taking RMDs until April 1 of the year following the later of the year you attain age 70 Â½ or the year you retire, provided you are not a 5% or greater owner of the business.
What you need to know. about required IRA withdrawals. When you reach age 701/2, you must shortly begin to. take required minimum distributions (RMDs) from your. Traditional IRA. The same may be true if you have recently. inherited a Traditional IRA. The following information is. designed to help you understand what RMDs are and.