Sentences with phrase «life expectancy factor»

The plan can then be crafted according to the customized life expectancy factors, rather than generic assumptions.
For each year after, you would subtract one year from the initial life expectancy factor.
A RMD for a year is calculated by dividing the market value of your 401 (k) account - as of December 31 of the prior year - by a life expectancy factor.
Your life expectancy factor is taken from the IRS Uniform Lifetime Table (PDF).
However, if your spouse is the only primary beneficiary and he or she is 10 years younger than you, your life expectancy factor is taken from the IRS Joint Life Expectancy Table (PDF).
For original owners as well as spouse heirs who roll inherited money into their own name, the RMD is figured by referring to Table III (the Uniform Lifetime Table) in IRS Publication 590 - B to find the life expectancy factor that correlates to the person's birthday for the year.
The balance is then divided by the life expectancy factor from either the Single Life Expectancy table or the Joint Life and Last Survivor Expectancy table, using the age (s) you have reached (or will reach) by the end of the current calendar year.
With this balance you then create an amortization schedule over a specified number of years equal to your life expectancy factor from either the Single Life Expectancy table or the Joint Life and Last Survivor Expectancy table, using the age (s) you have reached (or will reach) for that calendar year.
Your RMD amount is calculated by dividing your tax - deferred retirement account balance as of December 31 of last year by your life expectancy factor.
However, if your spouse is the only primary beneficiary and he or she is 10 years younger than you, your life expectancy factor is taken from the IRS Joint Life Expectancy Table (PDF).
Your life expectancy factor is taken from the IRS Uniform Lifetime Table (PDF).
Your RMD is determined by dividing your account balance by your life expectancy factor (published by the IRS).
To calculate your RMD for the current year, you divide your retirement account balance as of the prior Dec. 31 by a life expectancy factor.
(This life expectancy factor is two years in Massachusetts, Illinois, and Washington state).
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