The IRS has updated the Required Minimum Distribution (RMD) actuarial tables starting in 2022 – lower – slightly – amounts are required to be withdrawn. Here is a table comparing RMD percentages old and new.
For example, a person reaching age 79 in 2022 can take 0.39% less than under the old tables.
Click to access 62a03f4e-4470-466d-ab38-c2d1850bfc7d.pdf
The bad news is if you will be 120 in 2022, you must withdraw 50% of your account balance. 😎
“– lower – slightly – amounts…”
“For example, a person reaching age 79 in 2022 can take 0.39% less than under the old tables.”
Basis points? That’s a 7.29 percent reduction. Actually pretty substantial.
On the bright side, if you live to be 120 you don’t have to take as much out in 2022
Hola! I thought RMD’s did not have to be done until age 72; why does the table still show amounts starting from age 70?