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.
Check with your plan administrator for details. For subsequent years, you have to withdraw your RMD amount from your plans by Dec. 31 of each year. This includes the year after you turn age 70 Â½ , even if you take your first withdrawal that year.