I'm wondering if the under age 70 1/2 IRA rules apply to a person wanting to set up a SIMPLE IRA.

The 75 year old may set up a SIMPLE IRA as long as he/she otherwise qualifies, however the RMD rules apply immediately and distributions must start in the year following the year in which the first contribution is made as he/she will have a prior year 12/31/ balance at that time.

Thank you. I was able to find reference to a person over age 70 1/2 being able to establish a SEP. I thought it might be safe to assume (is it ever safe to assume?) that a SIMPLE might work the same way.