What is your RMD percentage?

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Required Minimum Distribution (RMD) actuarial tables starting in 2022 – lower – slightly – amounts are required to be withdrawn.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. 😎

3 comments

  1. “– 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.

    Like

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