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Kofi reached his trigger year for RMD's this year. He owns 10% of RRR Company and has $5.2 million in RRR's stock bonus plan as
Kofi reached his trigger year for RMD's this year. He owns 10% of RRR Company and has $5.2 million in RRR's stock bonus plan as of December 31 of last year. His account will be worth $5.5 million as of December 31 of this year. His divisor from the Uniform Lifetime Table (Table III) is 26.5. His wife is eight years younger than him. The Table II divisor is 22.7. What is the required minimum distribution (RMD) he MUST withdraw this year? a.$229,074 b.$242,291 c.$196,226 d.$207,547
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