Vickie retired when she was 68. In 2022, she is age 73. She has a 401(k)...

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Vickie retired when she was 68. In 2022, she is age 73. She has a 401(k) with a balance of $2,000,000. When is she required to withdraw the money by? Ellen, age 48, is a single taxpayer. She is self-employed. She has business profit of $50,000. She wants to make the maximum contribution to her SEP IRA. How much can she contribute? Vickie retired when she was 68. In 2022, she is age 73. She has a 401(k) with a balance of $2,000,000. When is she required to withdraw the money by? Ellen, age 48, is a single taxpayer. She is self-employed. She has business profit of $50,000. She wants to make the maximum contribution to her SEP IRA. How much can she contribute?

Answer rating: 100% (QA)

To determine when Vickie is required to withdraw the money from her 401k and how much Ellen can contribute to her SEP IRA we need to consider the rule... View the full answer