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Janell turned 73 in November of 2024. She was a participant in her employer's profit-sharing plan. Her profit-sharing plan had an account balance of $250,000
Janell turned 73 in November of 2024. She was a participant in her employer's profit-sharing plan. Her profit-sharing plan had an account balance of $250,000 on December 31 of 2023, and $200,000 on December 31 of 2024. According to the Uniform Lifetime Table, the factors for ages 72, 73, and 74 are 27.4, 26.5, and 25.5 respectively. What is Janell's required minimum distribution for the 2025 distribution year? $0. $7,843. $9.434. $17,277.
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