A customer has four traditional Individual retirement accounts (IRAs): two are at banks, one Is...

FINRA SIE Question Answer

A customer has four traditional Individual retirement accounts (IRAs): two are at banks, one Is held directly at a mutual fund, and one Is held in her brokerage account. In order to meet her required minimum distribution (RMD), which of the following actions is she required to take?

Take a distribution from the largest account based on current value

Take a distribution from the smallest account based on current value

Take a distribution from one of the bank IRAs and either the mutual fund or brokerage IRA

Take a distribution based on the value of all of the accounts at the previous year end

FINRA SIE View All Questions

FINRA SIE Summary

Vendor: FINRA
Product: SIE
Update on: Feb 18, 2026
Questions: 266

Price: $52.5 ~~$149.99~~

An associated person at a member firm receives a complaint from a customer involving allegations...

Which of the following actions typically changes the cost basis of a mutual fund position...

Spring Sale Special Limited Time 70% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: xmasmnth

A customer has four traditional Individual retirement accounts (IRAs): two are at banks, one Is...

The Answer Is:

FINRA SIE Summary

Payments We Accept

Contact Us