Sean (Age 71 at End of 2020)retired Five Years Ago

question 146

Essay

Sean (age 71 at end of 2020)retired five years ago. The balance in his 401(k)account on December 31, 2019, was $1,720,000 and the balance in his account on December 31, 2020, was $1,775,000. Using the Treasury table below, what is Sean's required minimum distribution for 2020?

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Definitions:

Die By

A phrase used to specify the cause or manner of death.

Own Hands

A phrase indicating something done personally or directly by an individual, without intermediaries.

Atonement Suicide

The act of taking one's own life with the belief that it will serve as compensation for one's mistakes or wrongdoings.

Gas Poisoning

The adverse effects on one's health caused by inhaling toxic gases, leading to symptoms or death depending on the gas and exposure level.