Sentences with phrase «chosen life expectancy table»
With this method, the account balance, the number from the chosen life expectancy table and the resulting annual payments are redetermined for each year.
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It is important to understand that there is more than one formula for taking the distribution so make sure you are choosing the correct life expectancy table, as there are three to choose from.
If you choose to roll over the assets into your own IRA, you would base the timing and calculation on your own age using the IRS Uniform Life Expectancy Table (PDF).
If you choose to transfer the assets to an Inherited IRA, the amount of your RMDs will be based on your age and be recalculated each year based on the factors in the IRS Single Life Expectancy Table.