Question: Blake, age 7 3 , is required to take substantial required minimum distributions ( RMDs ) from his qualified retirement plan. He has no current
Blake, age is required to take substantial required minimum distributions RMDs from his qualified retirement plan. He has no current need for the income and wants to decrease the amount of the distributions without incurring a penalty. Blake is not interested in a lumpsum distribution from the plan at this time. Which of the following statements regarding Blake's options is CORRECT?
Blake may take a distribution and roll it into his IRA.
Blake cannot roll over retirement plan proceeds to a traditional IRA after age
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