What Revised Life Expectancy Tables Mean for You and Your Clients
The IRS has proposed new actuarial tables for calculating required minimum distributions. Here’s the timeline and the key takeaways.
Good news--the IRS is giving us all a little more life expectancy.
The IRS has just issued revised life expectancy tables for use in calculating required minimum distributions. Apparently, Americans are living longer, and the new tables reflect that fact. That means more deferral of your clients’ IRA and 401(k) distributions--for both retirees and beneficiaries.