RMDs apply to most tax-advantaged retirement accounts, including Traditional IRAs, Rollover IRAs, SEP IRAs, SIMPLE IRAs, 401(k) plans, 403(b) plans, 457(b) plans, and other qualified retirement plans. However, Roth IRAs are exempt from RMDs during the owner’s lifetime. Inherited retirement accounts, such as Inherited IRAs or Inherited 401(k)s, also have specific RMD rules based on the beneficiary’s relationship to the deceased account owner. Refer to the 26 U.S. Code § 408 for more details on RMD rules for different account types.
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