During my working days, with the exception of the first few years I always contributed the maximum amount to my 401k. I wasn’t as tax savvy back then, and either wasn’t aware of the option to also contribute to a Traditional IRA or wasn’t eligible. Similarly, we hadn’t contributed...
In addition, if you have a 401(k), 403(b) or other employer-oriented retirement plan instead of an IRA, your first year for distribution might be later than age 72. This occurs if you were still working for the company and are not a 5% or more owner of the company. This only appl...