52. Tim has worked for one employer his entire career. While he was working, he participated in the employer’s defined contribution plan

[traditional 401(k)]. At the end of 2019, Tim retires. The balance in his defined contribution plan is $2,000,000 at the end of 2018.

a. What is Tim’s minimum required distribution for 2019 in 2020 if he is 68 years old at the end of 2019?

b. What is Tim’s minimum required distribution for 2019 if he turns 70½ during 2019 and he has not turned 71 years old by the end of 2019? When must he receive this distribution?

c. What is Tim’s minimum required distribution for 2019 in 2020 if he is 73 years old at the end of 2019?

d. Assuming that Tim is 75 years old at the end of 2019 and his marginal tax rate is 32 percent, what amount of his distribution will he have remaining after taxes if he receives only a distribution of $50,000 for 2019?

e. Complete Form 5329, page 2, to report the minimum distribution penalty in part (d). Use the most recent form available.