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Sean (age 74 at end of 2017) retired five years ago. The balance in his 401(k) account on December 31, 2016 was $1,700,000 and the balance in his account on December 31, 2017 was $1,800,000. Using the IRS tables below, what is Sean's required minimum distribution for 2017?
Organizational Competitiveness
The ability of an organization to develop and maintain an edge over its competitors through strategies, efficiencies, or qualities that are unique and valuable.
Work-Life Balance
The equilibrium between personal life and professional obligations, ensuring both are maintained without undue stress or conflict.
Economic Prosperity
The state of flourishing, thriving, good fortune, or successful social status within an economy.
Performance Management Process
A systematic approach used by organizations to improve employee performance through setting objectives, assessing progress, and providing ongoing coaching and feedback.
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