Is there a new RMD table for 2022?
The table and distribution period factors are going to be used in the year 2022. If you were paid the first RMD by April 1, you have to take it by December 31 of the following year.
What is the RMD rate for 2022?
The distribution period for 74 years old is 25.5. If you divide $500,000 by 25.5, you will get $19,608 in your 22nd year. You’ll need to take out the Required Minimum Distribution from your IRA by 12/31/2022 using the new tables.
Why do Asians live longer?
A low rate of obesity and a unique diet characterized by a high consumption of fish and plant foods are some of the factors that explain this exceptional longevity.
What is the new RMD table for 2021?
The new table shows the difference between the old table and the IRA’s balance on 12/31/ 2021. We are happy that the tables are available in a public release. Make sure to check with your tax adviser before taking any actions related to the Required Minimum Distributions.
How long do white people live?
An analysis of 50,189,388 records from the 2011 census was used to come up with the data. White men were expected to live until nearly 80, while men from mixed ethnic groups were expected to live over the course of more than 70 years. White and mixed ethnic women had an average of 83 years.
Which race has the shortest life expectancy?
Black males have the longest average lifespan of 69.0 years. Whites have the advantage when it comes to sex groupings.
What race has the highest life expectancy in the US?
White females have the highest life expectancy at birth, followed by black females, white males, and black males. The National Vital Statistics System is from the CDC.