Mark, who is single, must start making distributions from his pension plan beginning April 1, 2019. At

Question:

Mark, who is single, must start making distributions from his pension plan beginning April 1, 2019. At the end of 2018 when Mark was 71 years old, the plan had a balance of $220,000. He will use a single life expectancy. What amount must Mark take as a distribution from the pension plan no later than April 1, 2019?

a.$8,302.

b.$12,941.

c.$13,497.

d.$14,193.

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...

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