Why is the money withdrawn from traditional IRA taxed at the ordinary income tax rate?
What is life expectancy for IRA distributions?
Single Life Expectancy Table (for Inherited IRAs)
| Pre-2022 | Post-2021 | |
|---|---|---|
| Age of IRA Beneficiary | Life Expectancy (in years) | Age of IRA Beneficiary |
| 30 | 53.3 | 30 |
| 31 | 53.4 | 31 |
| 32 | 51.4 | 32 |
What is the RMD percentage for a 72 year old?
If you have multiple retirement plans such as a 401(k) and a traditional IRA you need to calculate RMDs for each plan separately.
RMD Tables.
| IRS Uniform Lifetime Table | |
|---|---|
| Age | Life Expectancy Factor |
| 71 | 26.5 |
| 72 | 25.6 |
| 73 | 24.7 |