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What is earl rmd amount for year 1

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Earl and Betty maintain traditional IRAs. The account balance at the beginning and end of Year 1 are $600,000 and $700,000, respectively, for Earl; $900,000 and $1,000,000, respectively, for Betty. Earl reaches age 75 in Year 1. They are the designated beneficiaries on each others accounts. What is Earl's RMD amount for Year 1?

Reference no: EM132724424

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