Sean (age 74 at end of 2020)retired five years ago. The balance in his 401(k)account on December 31, 2019, was $1,700,000 and the balance in his account on December 31, 2020, was $1,800,000. Using the Treasury tables below, what is Sean's required minimum distribution for 2020?
Definitions:
Human Personality
The combination of characteristics or qualities that form an individual's distinctive character, influencing behavior, thoughts, and emotions.
Conflict
A situation or process where differing needs, desires, or interests result in tension or dispute.
Impulse
An impulse is a sudden, involuntary urge to act or respond quickly without deliberate thought, often in response to a stimulus.
Geriatric Patients
Elderly individuals, often over the age of 65, who may require specialized healthcare due to aging-specific conditions.
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