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SIE Exam Practice Question 492

Question: 492

Which of the following accounts would not subject the account owner to required minimum distributions?

I. A traditional IRA.

II. A Roth IRA.

III. A joint account with survivorship rights.

IV. A variable annuity.

Correct Answer: D

Explanation:

D: Nonqualified accounts do not require that the owner take minimum distributions. A Roth IRA, variable annuity, and joint account do not allow owners to deduct contributions from their income. As such, the accounts are not required to take minimum distributions.

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