Question

In order to avoid penalties, a person who is not gainfully employed must typically start taking minimum distributions from Keogh retirement accounts by age _____.

A) 50
B) 59½
C) 65
D) 70½
E) 75

Answer 1

A person who is not gainfully employed must typically start taking minimum distributions from Keogh retirement accounts by age 70½ to avoid penalties.

Step-by-step explanation:

In order to avoid penalties, a person who is not gainfully employed must typically start taking minimum distributions from Keogh retirement accounts by age 70½.