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.
Avoiding Mistakes In Required Minimum Distributions (RMD) Generally, retirement account owners who are at least age 70.5 must withdraw required minimum distributions (RMD) from their retirement accounts by Dec 31. In the first RMD year, individuals may be able to defer the RMD to the next year until the required beginning date.