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Danielle, Who Is Retired, Reaches Age 70 1/2 in 2016

question 84

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Danielle, who is retired, reaches age 70 1/2 in 2016, and she will also be age 71 in 2016. 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, 2017?

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Definitions:

Natural Work Units

Organizational divisions or groupings that reflect a logical segmentation of work based on process, function, or customer, facilitating team coherence and effectiveness.

Task Identity

The degree to which a job involves completing a whole, identifiable piece of work from start to finish with a visible outcome.

Task Significance

The degree to which a job has a substantial impact on the lives of other people, either in the immediate organization or in the external environment.

Memo Format

A concise and formal way of communication typically used within an organization to inform or instruct employees.

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