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Sean (Age 73 at End of 2020)retired Five Years Ago

Question 26

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Sean (age 73 at end of 2020)retired five years ago. The balance in his 401(k)account on December 31, 2019, was $1,740,000 and the balance in his account on December 31, 2020, was $1,805,000. Using the Treasury table below, what is Sean's required minimum distribution for 2020?
Sean (age 73 at end of 2020)retired five years ago. The balance in his 401(k)account on December 31, 2019, was $1,740,000 and the balance in his account on December 31, 2020, was $1,805,000. Using the Treasury table below, what is Sean's required minimum distribution for 2020?

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