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Taking RMDs While Still Funding a 403(b)

Q. Are there any issues with a 73-year old client that is still funding his 403(b) while he is taking required minimum distributions (RMDs)?

A. While there is no issue in taking RMDs while still funding the 403(b), keep in mind that RMDs are not required as long as your client is still working for the employer. If, however, he/she wants to take them anyhow, just use the prior year’s Dec. 31 account value to calculate the RMD.