I have a client who Inherited an IRA in 2004. He was required to start taking RMDs by 12/31/2005. Under the old tables, his factor in 2005 was 38.8. If the tables didn’t update, the factor would have been 21.8 for 2022. 38.8 minus 17 years.

Now, the new tables have a factor of 41 for a 45-year-old. With the updated tables, I am coming up with a factor of 24 for 2005. 41 for 2005 subtract out 17 years. The custodians don’t calculate the RMD, and with the new factors, I just want to make sure I am calculating this correctly. Thanks so much!