Question

haley is nearing retirement and has significant savings in a traditional ira. they are considering rolling over their savings to another plan to avoid mandatory minimum distributions (rmds). which plan should haley consider to avoid rmds? traditional ira roth ira sep ira simple ira

Explanation:

Roth IRAs do not have mandatory minimum distributions (RMDs) during the account - owner's lifetime. Traditional IRAs, SEP IRAs, and SIMPLE IRAs require RMDs starting at age 72 (or 73 starting in 2023).

Answer:

B. Roth IRA