No 70 1/2 restrictions means what for required minimum distributions?

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Multiple Choice

No 70 1/2 restrictions means what for required minimum distributions?

Explanation:
The idea being tested is that not all retirement accounts have you forced to withdraw at a certain age. Some accounts are exempt from required minimum distributions for the owner. For a Roth IRA, there are no RMDs for the account owner at any age. This means you’re not required to start taking distributions just because you’ve reached 70½ or any other age. The funds can stay invested for as long as you wish, which is why the statement “There are no RMDs” fits when the question refers to the absence of 70½ restrictions for this type of account. It’s worth noting that after death, beneficiaries may have RMDs to take, but the owner does not.

The idea being tested is that not all retirement accounts have you forced to withdraw at a certain age. Some accounts are exempt from required minimum distributions for the owner.

For a Roth IRA, there are no RMDs for the account owner at any age. This means you’re not required to start taking distributions just because you’ve reached 70½ or any other age. The funds can stay invested for as long as you wish, which is why the statement “There are no RMDs” fits when the question refers to the absence of 70½ restrictions for this type of account. It’s worth noting that after death, beneficiaries may have RMDs to take, but the owner does not.

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