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RMD Calculation Changes

The IRS has issued a notice of proposed rulemaking providing guidance regarding the life expectancy and distribution tables used to calculate minimum required distributions from IRAs, qualified retirement plans as well as other “tax-favored” employer sponsored retirement plans. The proposed tables would use longer life expectancies than those in the existing regulations, based on mortality rates for 2021, and would apply for distribution calendar years beginning on or after January 1, 2021. The IRS held a public hearing regarding this proposal January 23, 2020.

www.napa-net.org; November 11, 2019.