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.
â¢ If you turn age 70Â½ this year, you generally must take your first MRD. by April 1 of next year. â¢ If you turned age 70Â½ last year and have not satisfied your first-year. MRD, you generally must take your first MRD by April 1 of this year. and your second MRD by December 31 of this year.