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Harvey will celebrate his 80th birthday in May of this year and is enjoying spending his free time wind surfing since he retired two years
Harvey will celebrate his 80th birthday in May of this year and is enjoying spending his free time wind surfing since he retired two years ago. What is the amount of Harveys required distribution by December 31 of this year if the account balance in his 401(k) is $400,000 as of the end of last year, and $100,000 of that amount is invested in a qualified longevity annuity contract? The factors from the uniform lifetime table for age 79, 80, and 81 are 19.5, 18.7, and 17.9 respectively
a $15,385.
b $16,043.
c 21,390
d 27,933
$21,390.
$27,933.
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