New Year, New IRS Life Expectancy Tables
These new tables come just as America experiences a downtick in life expectancies because of the coronavirus and its reverberations.
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This month inaugurates not only a new year, but a new set of IRS actuarial tables for determining our clients' required minimum distributions, or RMDs. It's been 20 years since the IRS last updated these tables, so some advisors may have forgotten that such a change was even possible.