If you don’t own more than 5% of a company, you can delay your required minimum distribution (RMD) to April 1 of the year following the year you retire. This is sometimes called the "still working" exception, but it only applies to required distributions from employer plans. It does NOT apply to IRAs or any other employer plans if you are not currently working for that company.
When you finally leave your current employer, you have an RMD for the year in which you stop working, even if your last day is December 31. You have until April 1 of the following year to take this first distribution, but if you wait until that date, you also have to take your second distribution by the end of that year. This results in your having to take two RMDs in the same year. If you die while you are still working, you are considered to have died before your required beginning date, and there is no RMD for the year of death.
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