Danielle, Who Is Retired, Reaches Age 70 1/2 in 2018

question 3

Multiple Choice

Danielle, who is retired, reaches age 70 1/2 in 2018, and she will also be age 71 in 2018.She has a $150,000 balance in her traditional IRA.If her life expectancy is 15.3 years, what distribution, if any, must be made by April 1, 2019?

• A)$0
• B)$9,804
• C)$19,608
• D)$150,000
• E)None of these

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Definitions:

Policy Activists

Individuals or groups advocating for changes in public policy to advance particular goals or interests.

Non-Interventionists

Individuals or policies favoring minimal diplomatic and military involvement by a country in the affairs of other nations.

Monetarists

Economists who emphasize the role of governments in controlling the amount of money in circulation to regulate the economy and control inflation.

Classical Economic Theory

A school of thought in economics that emphasizes free markets, the importance of limited government intervention, and the role of supply and demand in an economy.