The Internal Revenue Code requires that distribution of retirement benefits begins after the age of 70½ and that the benefits be paid out over a period that does not exceed

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The Internal Revenue Code requires that distribution of retirement benefits begins after the age of 70½ and that the benefits be paid out over a period that does not exceed the life expectancy of the individual or the joint life expectancies of the individual and a designated beneficiary. This means that the payments can continue for the rest of the individual's life or for the joint lives of the individual and their designated beneficiary, whichever is longer. Option A is partially correct but does not include the joint life expectancy. Option C is incorrect because the maximum period cannot be fixed at 85 years. Option D is incorrect because there is no minimum period required for distribution. Option E does not match the requirements of the Internal Revenue Code.

The Internal Revenue Code Requires That Distribution of Retirement Benefits