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.
Generally, your first RMD may be deferred until April 1 following the year you turn 70Â½. For example, if you turn 70Â½ in 2018, you have until April 1, 2019 to start taking RMDs. If you're still working at 70Â½, your current employer's retirement plan may allow you to wait until after you retire to take your first RMD from that plan.