In order to avoid penalties, a person who is not gainfully employed must typically start taking minimum distributions from Keogh retirement accounts by age:
A)50.
B)59½.
C)65.
D)70½.
E)75.

Question

Quizplus · Accepted Answer

Keogh retirement accounts, like traditional IRAs and 401(k)s, require that individuals start taking required minimum distributions (RMDs) by April 1 of the year following the year they turn 70½.

In Order to Avoid Penalties, a Person Who Is Not