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

question 26

Essay

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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Definitions:

Symbolic

Symbolic refers to the use of symbols to represent ideas or concepts, often imbued with significant cultural, religious, or philosophical meanings.

Netherlandish Artist

Refers to an artist originating from the Netherlands, particularly during the Renaissance and Baroque periods.

Self-Portraits

Artistic representations where artists create images of themselves, often used as a means of self-exploration or expression.

Rembrandt

A Dutch painter and etcher, one of the greatest artists in history, known for his masterful use of light and shadow.