Question: If a 75-year-old investor doesnt take their required minimum distribution this year, what are the consequences? (A) They will have to double the amount to

If a 75-year-old investor doesn’t take their required minimum distribution this year, what are the consequences?

(A) They will have to double the amount to be taken the following year.

(B) They receive a 6% penalty on the amount that was supposed to be withdrawn.

(C) They receive a 10% penalty on the amount that was supposed to be withdrawn.

(D) They receive a 50% penalty on the amount that was supposed to be withdrawn.

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