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Q: Do you have to take your required minimum distribution if you are still employed?
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Is a 457 subject to required minimum distribution?

Yes, unless the person in question is still working and contributing to the plan


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do you have to withdraw fund when you turn 70 1/2 years old and are still working?

I assume that you are asking about IRA withdrawals since the 70 1/2 matches that timeline. As for your question, the RMD (or required minimum distribution) is the legally required withdrawal amount from your traditional IRA. This RMD is required starting at 70 1/2, doesn't matter if you are still working or haven't worked for 30 years this is the required starting age for the minimum withdrawal amount. There is, however, a waiver of the RMD in place for 2009.


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If you had no income do you still file?

There may be a few situations where you must file. For example, if you didn't take the required minimum distribution on an IRA or 401k, or you owe an overcontribution penalty for your IRA. But usually if you really have no income, you don't have to file. But you would be surprised how many people don't know that you can have taxable income from sources other than a job.


Can you transfer equities from a traditional IRA to a Roth IRA for your required minimum distribution?

Yes, you can do that. You'll obviously pay on the RMD from the normal IRA and then make a contribution to the Roth. However, there are many limits on who can contribute to a Roth and those would still be in effect. (Which normally makes it unfeasible). For for more details you should discuss with your own IRA administrator.


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