RMD Divisor Question
I am a bit confused. For sometime, I have utilized the table provided by Fidelity for any ‘Joint Life Expectancy’ distributions …
https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/Joint-Life-Expectancy-Table.pdf
My client is 76 and his spouse is 60 … (She is designated as the sole beneficary)
The table from Fidelity reflects a divisor of 28.2 … However, my client steered me to IRS Table II and it seems to reflect a divisor of 26.3 (if I am reading it correctly)
Can you please clarify for me ??
Much appreciated …
Gregg Guiol
Permalink Submitted by David Mertz on Wed, 2021-12-15 17:41
28.2 is from the new updated table for a 76 year-old individual with a 60 year-old spouse for a 2022 or later RMD. 26.3 is from the old table that applies to a 2021 RMD for a 76 year-old individual with a 60 year-old spouse in 2021.