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If you rollover assets into your own IRA, you can use the favorable Uniform Life Expectancy Table to calculate RMDs after you turn 73. In addition, you get another exclusive benefit.
Using the tables provided by the IRS, your life expectancy factor is 26.5. (You use Table III (Uniform Lifetime) in cases where the account holder is unmarried, the spouse is not more than 10 ...
Use this table as a guide. If you’ve reached age 72, you must take RMDs. Use this table as a guide. Skip to main content. Subscriptions; Animals. Business. Entertainment. Fitness. Food. Games ...
In that case, there is no 5-year rule, and the beneficiary takes distributions over the length of his/her own life expectancy or the remaining life expectancy that the decedent would have had (using government tables). If the IRA owner named a non-person (such as his estate) as the beneficiary and had died after beginning required minimum ...
For example, let’s say you’re 72, have $500,000 in a traditional IRA, and have a life expectancy factor of 27.4. This year you’d need to withdraw $18,248 ($500,000 / 27.4).
To get an idea of how this works in practice, consider a retiree who turns 73 this year and has a $132,500 IRA balance. Their life expectancy factor per the IRS Uniform Lifetime Table is 26 1/2 ...
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