Your fourth client is the child of a recently deceased manufacturing sales rep. She is 35 years old (in the year following her dad's death). When she inherited the IRA, it was worth $201,306.56, but the value at the end of the year of death was $182,678. Her father was 57 when he passed away. What is this client's RMD amount?

Transcribed Image Text:

Table I (Single Life Expectancy) (For Use by Beneficlarles) Age Life Expectancy Age Life Expectancy 82.4 28 55.3 54.3 81.6 29 80.6 30 53.3 79.7 78.7 31 32 52.4 4. 51.4 77.7 33 50.4 76.7 34 49.4 75.8 35 48.5 8. 74.8 36 47.5 73.8 37 46.5 72.8 71.8 38 45.6 11 39 44.6 12 70.8 40 43.6 13 69.9 41 42.7 14 68.9 42 41.7 15 67.9 43 40.7 16 66.9 44 39.8 17 66.0 45 38.8 18 65.0 46 37.9 19 64.0 47 37.0 20 63.0 48 36.0 35.1 34.2 21 62.1 49 22 61.1 50 23 60.1 51 33.3 24 59.1 52 32.3 25 58.2 53 31.4 1123 567oaO Table I (Single Life Expectancy) (For Use by Beneficlarles) Age Life Expectancy Age Life Expectancy 82.4 28 55.3 54.3 81.6 29 80.6 30 53.3 79.7 78.7 31 32 52.4 4. 51.4 77.7 33 50.4 76.7 34 49.4 75.8 35 48.5 8. 74.8 36 47.5 73.8 37 46.5 72.8 71.8 38 45.6 11 39 44.6 12 70.8 40 43.6 13 69.9 41 42.7 14 68.9 42 41.7 15 67.9 43 40.7 16 66.9 44 39.8 17 66.0 45 38.8 18 65.0 46 37.9 19 64.0 47 37.0 20 63.0 48 36.0 35.1 34.2 21 62.1 49 22 61.1 50 23 60.1 51 33.3 24 59.1 52 32.3 25 58.2 53 31.4 1123 567oaO Table I (Single Life Expectancy) (For Use by Beneficlarles) Age Life Expectancy Age Life Expectancy 82.4 28 55.3 54.3 81.6 29 80.6 30 53.3 79.7 78.7 31 32 52.4 4. 51.4 77.7 33 50.4 76.7 34 49.4 75.8 35 48.5 8. 74.8 36 47.5 73.8 37 46.5 72.8 71.8 38 45.6 11 39 44.6 12 70.8 40 43.6 13 69.9 41 42.7 14 68.9 42 41.7 15 67.9 43 40.7 16 66.9 44 39.8 17 66.0 45 38.8 18 65.0 46 37.9 19 64.0 47 37.0 20 63.0 48 36.0 35.1 34.2 21 62.1 49 22 61.1 50 23 60.1 51 33.3 24 59.1 52 32.3 25 58.2 53 31.4 1123 567oaO Table I (Single Life Expectancy) (For Use by Beneficlarles) Age Life Expectancy Age Life Expectancy 82.4 28 55.3 54.3 81.6 29 80.6 30 53.3 79.7 78.7 31 32 52.4 4. 51.4 77.7 33 50.4 76.7 34 49.4 75.8 35 48.5 8. 74.8 36 47.5 73.8 37 46.5 72.8 71.8 38 45.6 11 39 44.6 12 70.8 40 43.6 13 69.9 41 42.7 14 68.9 42 41.7 15 67.9 43 40.7 16 66.9 44 39.8 17 66.0 45 38.8 18 65.0 46 37.9 19 64.0 47 37.0 20 63.0 48 36.0 35.1 34.2 21 62.1 49 22 61.1 50 23 60.1 51 33.3 24 59.1 52 32.3 25 58.2 53 31.4 1123 567oaO Table I (Single Life Expectancy) (For Use by Beneficlarles) Age Life Expectancy Age Life Expectancy 82.4 28 55.3 54.3 81.6 29 80.6 30 53.3 79.7 78.7 31 32 52.4 4. 51.4 77.7 33 50.4 76.7 34 49.4 75.8 35 48.5 8. 74.8 36 47.5 73.8 37 46.5 72.8 71.8 38 45.6 11 39 44.6 12 70.8 40 43.6 13 69.9 41 42.7 14 68.9 42 41.7 15 67.9 43 40.7 16 66.9 44 39.8 17 66.0 45 38.8 18 65.0 46 37.9 19 64.0 47 37.0 20 63.0 48 36.0 35.1 34.2 21 62.1 49 22 61.1 50 23 60.1 51 33.3 24 59.1 52 32.3 25 58.2 53 31.4 1123 567oaO Table I (Single Life Expectancy) (For Use by Beneficlarles) Age Life Expectancy Age Life Expectancy 82.4 28 55.3 54.3 81.6 29 80.6 30 53.3 79.7 78.7 31 32 52.4 4. 51.4 77.7 33 50.4 76.7 34 49.4 75.8 35 48.5 8. 74.8 36 47.5 73.8 37 46.5 72.8 71.8 38 45.6 11 39 44.6 12 70.8 40 43.6 13 69.9 41 42.7 14 68.9 42 41.7 15 67.9 43 40.7 16 66.9 44 39.8 17 66.0 45 38.8 18 65.0 46 37.9 19 64.0 47 37.0 20 63.0 48 36.0 35.1 34.2 21 62.1 49 22 61.1 50 23 60.1 51 33.3 24 59.1 52 32.3 25 58.2 53 31.4 1123 567oaO Table I (Single Life Expectancy) (For Use by Beneficlarles) Age Life Expectancy Age Life Expectancy 82.4 28 55.3 54.3 81.6 29 80.6 30 53.3 79.7 78.7 31 32 52.4 4. 51.4 77.7 33 50.4 76.7 34 49.4 75.8 35 48.5 8. 74.8 36 47.5 73.8 37 46.5 72.8 71.8 38 45.6 11 39 44.6 12 70.8 40 43.6 13 69.9 41 42.7 14 68.9 42 41.7 15 67.9 43 40.7 16 66.9 44 39.8 17 66.0 45 38.8 18 65.0 46 37.9 19 64.0 47 37.0 20 63.0 48 36.0 35.1 34.2 21 62.1 49 22 61.1 50 23 60.1 51 33.3 24 59.1 52 32.3 25 58.2 53 31.4 1123 567oaO Table I (Single Life Expectancy) (For Use by Beneficlarles) Age Life Expectancy Age Life Expectancy 82.4 28 55.3 54.3 81.6 29 80.6 30 53.3 79.7 78.7 31 32 52.4 4. 51.4 77.7 33 50.4 76.7 34 49.4 75.8 35 48.5 8. 74.8 36 47.5 73.8 37 46.5 72.8 71.8 38 45.6 11 39 44.6 12 70.8 40 43.6 13 69.9 41 42.7 14 68.9 42 41.7 15 67.9 43 40.7 16 66.9 44 39.8 17 66.0 45 38.8 18 65.0 46 37.9 19 64.0 47 37.0 20 63.0 48 36.0 35.1 34.2 21 62.1 49 22 61.1 50 23 60.1 51 33.3 24 59.1 52 32.3 25 58.2 53 31.4 1123 567oaO

Answer rating: 100% (QA)

What Is a Required Minimum Distribution RMD A required minimum distribution RMD is the amount of money that must be withdrawn from an employersponsored retirement plan traditional IRA SEP or SIMPLE in... View the full answer