Did you know that some employer 401(k) retirement plans allow you to delay taking your required minimum distribution (RMD) if you are still working at 70½ and own less than 5% of the company? Doesn’t that sound enticing? If you have a 401(k) with your current employer, you should check to see if delaying your RMD is an option and whether it is right for you. If you envision yourself working well into your 70s, that may be viable option. It should be noted, however, that this delayed RMD option only works with your current employer and not plans you may have from past employers or with a traditional IRA. If you intend to delay taking RMDs from an employer account and will be funding your retirement from another source, you should make sure doing so is the most efficient and safest way possible. This means that you will most likely want to consult with a certified financial planner so as to draw up a plan as to how much will come from each account or–if you have more than two accounts–which accounts will be used first and which will be saved for later. Delaying taking RMDs is not a bad idea, but it is one that should be thought out and you really need to make sure that you meet eligibility requirements to do so.