Sean (age 74 at end of 2016) retired five years ago. The balance in his 401(k) account on December 31, 2015 was $1,700,000 and the balance in his account on December 31, 2016 was $1,800,000. Using the IRS tables below, what is Sean's required minimum distribution for 2016? 
Definitions:
Constant
A situation or state of affairs that does not change.
Investment Model
Theory that uses three factors—satisfaction, alternatives, and investments—to explain why people stay with their long-term relationship partners.
Sunk Costs
Costs that have already been incurred and cannot be recovered, which should not influence future decisions but often do.
Alternatives
Different options or choices available in any given situation or decision-making process.
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