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List the accounts that have Required Minimum Distributions.

List the accounts that have Required Minimum Distributions.

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Answer #1

Required minimum dsitribution are the minimum amounts that must be withdrawan by the owner from their retirement plan accounts and it starts when the owners reaches the ages of 701/2 years .

Accounts that have Required Minimum Distributions

  • IRA
  • SEP IRS
  • IRA SIMPLE
  • SARSEP's
  • Retirement plan account
  • All employee sponsored retirement plans, which inlcude 401(k) plans, 403(b) plans and 457(b) plans.
  • Traditonal IRA and IRA based plans.

Note: Requirement of withdrawal is not a mandate in Roth IRA until death of owner.

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