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Smith has 4 traditional IRA accounts with 4 different mutual fund companies. In addition, he has a Roth IRA and he has a 401k account
Smith has 4 traditional IRA accounts with 4 different mutual fund companies. In addition, he has a Roth IRA and he has a 401k account where he used to work. He is 74 years old. Which of the following is true? O A He must take distributions from each account for a total of 6 required distributions, B. He must take 4 different distributions from each of the 4 different mutual funds: the others do not require him to take a minimum distribution OC. He must take at least 2 separate distributions; from the 401k and one based upon the aggregated balance of all of his traditional IRA accounts D. He must sum the balances of all of these accounts and can take only one sufficiently large distribution from one of the accounts to meet the minimum requirement. O E. He must take at least 2 separate distributions from the 401k and one based upon the aggregated balance of his traditional and Roth IRA accounts
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