required minimum distribution (RMD)
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Herb and Alice are married and file a joint return. Herb is 74 years old. Alice turned 70 on February 3, 2020. Neither are blind.
Herb is a retired school teacher, but continues to work part-time as a substitute teacher. Alice is retired.
Herb earned $15,000 in wages. They also receive pension and Social Security income and sold some stock. Their combined AGI is $45,000.
Both Herb and Alice are U.S. citizens and have valid Social Security numbers.
Alice must take her first required minimum distribution (RMD) by April 1, and her second RMD by December 31, of what year________?
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