RMD Tables Get New "Life"

July 3, 2002 (PLANSPONSOR.com) - The Internal Revenue Service (IRS) has issued new life expectancy tables to use in determining required minimum distributions.

Publication 590 SUPP supplements Publication 590 on IRAs, the IRS said. The tables were part of the final regulations (T.D. 8987) on required distributions from retirement plans issued in April.
For 2002, taxpayers have the option of using the new life expectancy tables or the tables in existing Publication 590, officials said.

The new tables generally provide for smaller annual distributions, so participants may keep more funds in their tax-deferred plans, according to the release.

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Get a copy of Publication 590 SUPP at the IRS Web site at http://www.irs.gov/pub/irs-pdf/p590supp.pdf