The various life expectancy tables used to calculate required minimum distributions (RMDs) from qualified retirement plans, IRAs, and nonqualified annuities have been updated for 2022. These updates have been done to reflect the increase in life expectancies experienced, as the current tables came out in the early 2000s. An RMD is the minimum amount you must withdraw from your retirement account each year. What do these changes mean? In short, the divisors are increasing, which means the amount required to be withdrawn is decreasing. Since smaller distributions will be required to be taken out
