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.

Dec 23, 2024 · The table shown below is the Uniform Lifetime Table, the most commonly used of three life-expectancy charts that help retirement account holders figure mandatory distributions. The IRA...

Distribute based on Table I . Use beneficiary’s age at year-end following year of owner’s death ; Reduce beginning life expectancy by 1 for each subsequent year; Take entire balance by end of 5th year following year of death

There are new required minimum distribution rules for certain beneficiaries who are designated beneficiaries when the IRA owner dies in a tax year beginning after December 31, 2019. All distributions must be made by the end of the 10th year after death, except for distributions made to certain eligible designated beneficiaries.

Review the required minimum distribution rules for certain retirement plans, including traditional IRAs, SEP IRAs, SIMPLE IRAs and 401 (k) plans.

Source: Amendments to the Income Tax Regulations (26 CFR part 1) under section 401(a)(9) of the Internal Revenue Code (Code), §1.401(a)(9)-9 Life expectancy and distribution period tables, (c) Uniform Lifetime Table. This table generally applies for distribution calendar years beginning on or after January 1, 2022.

This table is used for lifetime required distributions. Most IRA owners will use this table, but there is one exception. If the spouse is the sole beneficiary for the entire year AND is more than 10 years younger than the IRA owner, do not use this Uniform Lifetime Table. Instead, use the actual ages of both spouses based on the Joint Life Table.

Single Life Expectancy Table Beneficiaries use this Single Life Expectancy Table based on their age in the year after the IRA owner’s death. That factor is reduced by one for each succeeding distribution year.

Use Table II if you are the IRA owner and the periodic payments are for your life and the life of your spouse who is more than 10 years younger than you. Table I. Use Table I if you are an individual and the owner’s designated beneficiary but are not both the owner’s spouse and sole beneficiary. (There are special rules for the owner’s spouse.)

Find information on how to calcuate lifetime RMDs from IRAs and retirement plan accounts using a helpful table.