Ian retired in December of 2021 at the age of 71 (his birthday is January 6). Ians
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Ian retired in December of 2021 at the age of 71 (his birthday is January 6). Ian’s retirement account was valued at $490,000 at the end of 2020 and $500,000 at the end of 2021. He has had all of his retirement accounts open for 15 years. What is Ian’s required minimum distribution for 2022 under each of the following alternative scenarios?
a) Lan’s retirement account is a traditional 401(k) account.
b) Lan’s retirement account is a Roth 401(k) account.
c) Lan’s retirement account is a traditional IRA.
d) Lan’s retirement account is a Roth IRA.
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a minimum distribution for 2022 56000 14 ...View the full answer
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Related Book For 
Taxation Of Individuals And Business Entities 2023 Edition
ISBN: 9781265790295
14th Edition
Authors: Brian Spilker, Benjamin Ayers, John Barrick, Troy Lewis, John Robinson, Connie Weaver, Ronald Worsham
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