On November 12, 2020, the Federal Register released a Final Regulation providing guidance on the life expectancy and Required Minimum Distribution (RMD) factors needed to calculate RMDs from qualified retirement accounts. The updated factors will apply to distribution calendar years beginning on January 1, 2022, and not on January 1, 2021 (as originally proposed).
Download a PDF showing the "Current Vs New Uniform Lifetime Table RMD As A Percentage Of Account Balance", and check out "IRS Proposes New RMD Life Expectancy Tables To Begin In 2021" for more about the IRS' proposal to update the life expectancy and distribution period tables that both owners of retirement accounts (e.g., IRA, 401(k), 403(b) and the Thrift Savings Plan (TSP)), as well as their beneficiaries, use to calculate Required Minimum Distributions (RMDs).
Original proposed RMD factors presented in the Federal Register, published on 11/8/2019, appear below.
