IRA Beneficiary
9. Uniform Table
This is a portion of the Uniform Table, the one most of us will use to find our life expectancy divisors each year.
As you can see, at age 70, the divisor is 27.4, which we used in our example. At age 71, the divisor is 26.5. Notice each year the divisor gets smaller, and it decreases by less than "1" each year. In fact, it never goes to "zero." Even at age 115 and older, which is not shown here but is on the actual table, the divisor is 1.9.
NOTE: Under the old rules, you had to decide whether to recalculate or not recalculate your life expectancy each year. And if your spouse was your beneficiary, you had to decide whether to recalculate or not recalculate your spouse's life expectancy, too. It was a complicated decision, and one that was irreversible-you could not change your mind later. Now, under the new rules, recalculation is a dead issue. With this chart, everyone gets the benefit of recalculating your life expectancy.