Best-selling author James Lange discusses the current Minimum Distribution rules, and how your beneficiaries can use them to their advantage to stretch your IRA over their lifetimes. He helps viewers to understand the importance of deferring income taxes for as long as possible by showing you the math behind his claims and explains just how much the Death of the Stretch IRA legislation will cost your heirs.
Are you interested in learning more about the Death of the Stretch IRA legislation? You can watch Jim’s entire 1-hour webinar for free here:
Learn more about expected rule changes to the stretch IRA: …(read more)
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John, there are actually three different tables in publication 590. The most common is the joint life expectancy between you and someone deemed ten years younger. That table is realistic in that it recognizes as we age our life expectancy goes down, but not by a full year. Another table is for a married IRA owner who has a spouse that is 10 years younger. Finally, there is the beneficiary of an IRA table that you refer to. But, the direct answer to your question is you are right!
So on the Inherited IRA the factor decrease by 1.0 each year. This differs from a traditional IRA RMD which simply follows the table. Correct?