Retirement Accounts
Under current law, at what age must an individual begin taking Required Minimum Distributions (RMDs) from a Traditional IRA?
RMD age = 73 (SECURE Act 2.0). Roth IRAs have NO RMDs during owners lifetime.
Complete Analysis & Legal Rationale
Under the SECURE Act 2.0, Required Minimum Distributions (RMDs) must begin at age 73. This was increased from age 72 (SECURE Act) and 70 1/2 (pre-SECURE Act). Roth IRAs do not require RMDs during the owners lifetime.
Distractor Autopsy (Why Other Options Are Traps)
FINRA exam writers design incorrect distractors using specific calculation mistakes and regulatory misconceptions. Review why each option succeeds or fails:
Does not match the governing securities rule described in the explanation.
Does not match the governing securities rule described in the explanation.
Does not match the governing securities rule described in the explanation.
Matches the verified teaching point in the explanation.
Official Standard: Outline-level citation: item maps to Series 7 topic coverage. Prefer a specific FINRA/SEC/MSRB rule citation in a later author pass.