Recommendations & StrategiesQuestion 67 of 110
A required minimum distribution (RMD) generally applies to which type of account?
a.A Roth IRA during the original owner's lifetime
b.A traditional IRA once the owner reaches the applicable age
c.A taxable brokerage account
d.A 529 education savings plan
Explanation
Traditional IRAs and similar pre-tax retirement accounts require minimum distributions beginning at the age set by law, ensuring the deferred amounts are eventually taxed. Roth IRAs are not subject to RMDs during the original owner's lifetime. Taxable brokerage and 529 accounts have no RMD requirement.
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