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

Question

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

Quizplus · Accepted Answer

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

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