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.
RMD Calculator. If youâre age 70Â½ or over and have a Traditional, Rollover, SEP, or SIMPLE IRA, youâre required by law to take Required Minimum Distributions (RMDs) annually. Use our RMD Calculator to estimate your annual distributions. Need IRA help? Call or download our RMD Guide.