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.
However, if in the first year you become subject to the RMD rules you elect to postpone taking your first RMD until your required beginning date (RBD), defined in the Important Information Section, you must receive two RMDs within the same tax year (i.e., one by April 1st and the 2nd by December 31).