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Jason will turn 72 in October of 2021. Suppose we know that his profit sharing plan will have an account balance of $200,000 on December
Jason will turn 72 in October of 2021. Suppose we know that his profit sharing plan will have an account balance of $200,000 on December 31, 2019; $250,000 on December 31, 2020; $275,000 on December 31. 2021; $295,000 on December 31.2022. He retired from this company 10 years ago. When will Jason's initial required minimum distribution be due? And what is the amount of RMD distribution
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