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Home / consumer / Application of the Updated Life Expectancy Tables

Application of the Updated Life Expectancy Tables

March 16, 2022

consumer, Estate Planning, Legal Education, Retirement Planning Tagged With: applicable distribution period, Eligible Designated Beneficiary, Employee Retirement Income Security Act, Estate Planning, income taxation, Individual Retirement Accounts, Required Minimum Distribution, Setting Every Community Up for Retirement Enhancement Act of 2019, Single Life Table, Uniform Life Table

Since the creation of Individual Retirement Accounts in 1971, they have become an increasingly important part of a well-balanced Estate Plan. Taxpayers contribute to the IRA. Upon attaining a certain age, the taxpayer begins taking distributions based upon tables promulgated by the Internal Revenue Service. The Internal Revenue Service recently updated those tables which will significantly impact certain taxpayers. Read on to learn more.

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Paul Gantner
Paul Gantner
I am an owner of Amen, Gantner & Capriano, Your Estate Matters, L.L.C. I have been able to bring my business and legal education and experience into a firm that has for many years provided comprehensive estate plans that meet clients’ needs and expectations.My passion has been creating and constantly pushing AGC’s mission of “Helping Families Secure their Legacies by Embracing them into the Law Firm Family through Long-term, Personal Advisory Relationships.” Read More!
Paul Gantner
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Filed Under: consumer, Estate Planning, Legal Education, Retirement Planning Tagged With: applicable distribution period, Eligible Designated Beneficiary, Employee Retirement Income Security Act, Estate Planning, income taxation, Individual Retirement Accounts, Required Minimum Distribution, Setting Every Community Up for Retirement Enhancement Act of 2019, Single Life Table, Uniform Life Table

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