Required Minimum Distributions (RMDs) are calculated using life expectancies from the IRS RMD Table. The IRS RMD Table 2023 PDF is a convenient resource for individuals who need to calculate their RMDs for the upcoming year.
In 2023, the IRS increased the life expectancies used to calculate RMDs. This change means that individuals will be required to withdraw less money from their retirement accounts in 2023 than they did in 2022. The IRS RMD Table 2023 PDF includes both the old and new life expectancy tables, so you can easily compare the two and see how the changes will affect your RMDs.