Good Tax News – RMD Formula Changes

Good Tax News – RMD Formula Changes

By on Aug 31, 2022 in Uncategorized |

The IRS has updated the Uniform Lifetime Table for the first time since 2002.  This lowers the amount / size of the Required Minimum Distribution (RMD) thereby allowing you to keep more of your assets in your tax–deferred account.  The smaller RMD will also lessen your tax liability.

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