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Sean (age 74 at end of 2019)retired five years ago. The balance in his 401(k)account on December 31, 2018, was $1,700,000 and the balance in his account on December 31, 2019, was $1,800,000. Using the IRS tables below, what is Sean's required minimum distribution for 2019?
Cyclical Stock
A stock that's price is affected by macroeconomic or systematic changes in the overall economy, typically performing well during economic expansions and poorly during contractions.
Boom Economy
A period characterized by rapid economic growth, significant increases in jobs, and elevated consumer spending.
Recessionary Period
A period of economic decline during which trade and industrial activity are reduced, typically recognized by a fall in GDP in two successive quarters.
Standard Deviation
A measure of the dispersion or variability in a set of data points or investment returns, indicating how much variation exists from the average.
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