Sean (Age 74 at End of 2017)retired Five Years Ago

question 93

Essay

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?
$$\begin{array} { c c c } \text { Age of Participarit } & \text { Distribution Period } & \text { Applicable Percentage } \\70 & 27.4 & 3.65 \% \\71 & 26.5 & 3.77 \% \\72 & 25.6 & 3.91 \% \\73 & 24.7 & 4.05 \% \\74 & 23.8 & 4.20 \% \\75 & 22.9 & 4.37 \%\end{array}$$

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