Question
Jose, age 70 and in October of this year, worked for several companies over his lifetime. He has worked for the following companies (A E),
Jose, age 70 and in October of this year, worked for several companies over his lifetime. He has worked for the following companies (A E), and still has the following qualified plan account balances at those companies. Jose is currently employed with Company E. What is his required minimum distribution for the current year from all plans? Life expectancy tables are 27.4 for age 70 and 26.5 for age 71.
| company | Jose' account balance |
| A | $250,000 |
| B | $350,000 |
| C | $150,000 |
| D | $350,000 |
| e | $200,000 |
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Intermediate Financial Management
Authors: Brigham, Daves
10th Edition
978-1439051764, 1111783659, 9780324594690, 1439051763, 9781111783655, 324594690, 978-1111021573
