Required minimum distributions (RMDs) generally begin once a person turns 72, 73, or 75 (depending on when they were born). Which of the following is not correct about RMDs?
Group of answer choices
The first minimum distribution must be made no later than the due date of the tax return (with extensions) following the year in which the participant attains the appropriate age (72, 73, or 75).
After the first RMD, subsequent distributions are required by December 31 of each year.
The age used to calculate your RMDs in the current year is your age as of December 31 of the current year.
The balance of your qualified accounts used to calculate your RMDs in the current year is the account balance as of December 31 of the preceding year.