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13. Assuming Mickey dies in June this year and Michael inherited his granddad's IRA, which of the following is true? a. If Michael did not
13. Assuming Mickey dies in June this year and Michael inherited his granddad's IRA, which of the following is true? a. If Michael did not take a minimum distribution before the end of the current year, he is required to take out all of the funds from the IRA within five years. b. He could convert the inherited IRA to a Roth IRA. c. He could satisfy the minimum distribution rules by beginning distribution by December 31st of next year. He would need to take a distribution based on Mickey's remaining life expectancy. d. He could satisfy the minimum distribution rules by taking out the entire balance of the IRA in the year of death
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