SIE Exam Question 208: Answer and Explanation

Question: 208

By what date must an individual take his first required minimum distribution (RMD)?

• A. At any time in the year he turns 70.5
• B. By April 15 in the year following the year he turns 70.5
• C. By December 31 in the year he turns 70.5
• D. On the date that he turns 70.5

Correct Answer: B

Explanation:

An individual must take his first required minimum distribution (RMD) by April 15 in the year following the year that he or she turns 70.5