While there are a few exceptions for taking RMDs from your employer-sponsored plan while you are still working, ultimately you are required to take an annual RMD for all of the following account types:
- Traditional IRAs
- SEP IRAs
- SIMPLE IRAs
- Traditional 401(k) plans
- Traditional 403(b) plans
- Traditional 457(b) plans
- Profit sharing plans
- Traditional Thrift Savings Plans (TSPs)
- Qualified annuities
- Inherited Traditional IRAs
- Inherited Roth IRAs
Roth 401(k), Roth 403(b), Roth 457(b), and Roth Thrift Savings plans are also subject to RMDs if you are no longer employed with the company and still have funds in the plan on your first RMD due date.
Roth IRAs are not subject to RMDs, so you can avoid taking a mandatory withdrawal if you roll over any Roth employer-sponsored plans into your Roth IRA prior to reaching RMD age.
If you have a Betterment for Business 401(k), please contact your employer for instructions on how to take your RMD.