Earl and Betty maintain traditional IRAs. The account balance at the beginning and end of Year 1 are $600,000 and $700,000, respectively, for Earl; $900,000
Earl and Betty maintain traditional IRAs. The account balance at the beginning and end of Year 1 are $600,000 and $700,000, respectively, for Earl; $900,000 and $1,000,000, respectively, for Betty.Earl reaches age 75 in Year 1. They are the designated beneficiaries on each others accounts. What is Earl's RMD amount for Year 1?
-$26,201
-$23,438
-$30,568
-$27,273
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Authors: Frederic S. Mishkin, Stanley G. Eakins
8th edition
013342362X, 978-0133423624
