Your first client is a retired mid-level manager from a plastics company. He is 75 years old and his IRA was worth $709,470.16 on December 31^st of last year and the current value is $664,005.82. His wife turns 72 years old next month. What is this client's RMD amount for the current tax year? Round your answer to the nearest dollar amount.

Answer rating: 100% (QA)

To calculate the Required Minimum Distribution RMD amount for the current tax year we need to consid... View the full answer