The following statements are correct regarding pension and/or retirement distributions, except for (best option): a) RMD applies for IRAs (including SEPs and SIMPLE IRAs) on April 1 of the year following the calendar year in which the taxpayer reached age 70, if they were born before July 1, 1949.

b) RMD applies on April 1 of the year following the calendar year in which the taxpayer reached age 72, if they were born after Jun 30, 1949. c) If the taxpayer receives a distribution (before age 59) from a traditional IRA, Roth IRA, or other qualified retirement plans, it is subject to an additional 10% penalty, exceptions apply. d) Taking a distribution in 2020 would require to pay more income tax. The taxpayer can take advantage of the 90- day period, which allows for RMDs to be rolled over into a new IRA.