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.
You turned Age 70Â½ THIS year If you will have turned age 70Â½ by the end of the current calendar year, you are required to begin taking RMDs this year. Click the link above for more information on determining your first year RMD. You turned Age 70Â½ LAST year or earlier You should have already taken your first RMD by December 31 of last year, unless you elected to defer it until April 1 of this year.