Gina, age 66, has worked for the past 35 years as a dermatologist and has funded her defined contribution plan at the maximum allowed each year. She would like to delay taking income from the account for 3 years. Which of the following statements is TRUE?
A) Gina's RMD date is age 76 because you can defer RMDs for 10 years after retirement.
B) Gina has no specific date at which time she must begin RMD withdrawals.
C) Gina will be required to begin distributions within 1 year of retirement.
D) Gina can delay taking income until age 69 even though she is retired, as she is not required to begin RMDs until age 70½.
Ans: D) Gina can delay taking income until age 69 even though she is retired, as she is not required to begin RMDs until age 70½.
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