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Home / Retirement Planning / Application of the Updated Life Expectancy Tables

Application of the Updated Life Expectancy Tables

March 22, 2022 by Michael J. O’Brien, Estate Planning Attorney

Since the creation of Individual Retirement Accounts in 1971, they have become an increasingly important part of a well-balanced Estate Plan. Taxpayers contribute to the IRA. Upon attaining a certain age, the taxpayer begins taking distributions based upon tables promulgated by the Internal Revenue Service. The Internal Revenue Service recently updated those tables which will significantly impact certain taxpayers. Read on to learn more.

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Michael J. O’Brien, Estate Planning Attorney
Michael J. O’Brien, Estate Planning Attorney
Michael J. O’Brien, Estate Planning Attorney
Latest posts by Michael J. O’Brien, Estate Planning Attorney (see all)
  • Application of the Updated Life Expectancy Tables - March 22, 2022
  • What Everyone Should Know about the New FDIC Regulations - March 15, 2022
  • State Income Taxation of Social Security Benefits - March 8, 2022

Filed Under: Retirement Planning, Legal Education, Estate Planning, consumer Tagged With: Estate Planning, income taxation, applicable distribution period, Eligible Designated Beneficiary, Employee Retirement Income Security Act, Individual Retirement Accounts, Required Minimum Distribution, Setting Every Community Up for Retirement Enhancement Act of 2019, Single Life Table, Uniform Life Table

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