Lois (DOB September 25, 1949) must take her first required minimum distribution from her traditional IRA...

Lois (DOB September 25, 1949) must take her first required minimum distribution from her traditional IRA by what date?

April 1, 2020.

April 1, 2021.

April 1, 2022.

April 1, 2023.

Solutions

Expert Solution

In casse you were born on July 1, 1949, or later, your first Required minimum distribution is due by April 1 of the year after which you turn 72. Lois will completed her 72 age in September 2021, therefore she must take her first required minimum distribution from her traditional IRA by April 1,2022.

Correct answer is option 3.

ekkarill92 answered 2 years ago

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