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.
In Other Words: The RMD rule means that if you delay your first distribution into the following year, you will be required to take a second distribution before the end of the year. Thus, if you reach 70Â½ on May 15, 2012, you can take your first distribution any time between that date and April 1, 2013.our RMD is calculated separately for each IRA that is subject to a required minimum distribution. However, the total amount can be withdrawn from a single account or from a combination of accounts in a balance you select.