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This table sets forth the life expectancy of an individual at each age. Transition rules under the regulations may apply to certain beneficiaries when the original account owner or their surviving spouse died before January 1, 2022.
Distribute using Table I. Use younger of 1) beneficiary’s age or 2) owner’s age at birthday in year of death; Determine beneficiary’s age at year-end following year of owner’s death; Use oldest age of multiple beneficiaries; Reduce beginning life expectancy by 1 for each subsequent year; Can take owner’s RMD for year of death; Table I
You can receive distributions from your traditional IRA before age 59½ if they are part of a series of substantially equal payments over your life (or your life expectancy), or over the lives (or the joint life expectancies) of you and your beneficiary, without having to pay the 10% additional tax.
The distribution table tries to match the life expectancy of someone with their remaining IRA assets. So as life expectancy declines, the percentage of your assets that must be...
IRA Required Minimum Distribution (RMD) Table for 2024. When you hit a certain age, you must start taking a minimum amount from your IRA. Use our RMD table to see how much you need to take out.
Table I (Single Life Expectancy) is used for beneficiaries who are not the spouse of the IRA owner. Table II (Joint Life and Last Survivor Expectancy) is used for owners whose spouses are more than 10 years younger and are the IRA’s sole beneficiaries.
The IRS has released new life expectancy tables for calculating required minimum distributions (RMDs) for 2022. The most commonly used tables are the Uniform Lifetime and the Single Life Expectancy Tables.