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2022 New Life Expectancy Tables from the IRS

January 4, 2022

Individual, News

Authored By GreerWalker

Happy New Year 2022 – New Life Expectancy Tables!

Recognizing that life expectancies have increased, the IRS has issued new tables designed to help stretch retirement savings over a longer period of time. These new tables take effect for RMDs beginning in 2022. Calculations will typically result in lower annual RMD amounts and potentially lower income tax obligations as a result.

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GreerWalker is a proud member of RSM US Alliance, a premier affiliation of independent accounting and consulting firms in the United States. RSM US Alliance provides our firm with access to resources of RSM US LLP, the leading provider of audit, tax and consulting services focused on the middle market. RSM US LLP is a licensed CPA firm and the U.S. member of RSM International, a global network of independent audit, tax and consulting firms with more than 43,000 people in over 120 countries. Our membership in RSM US Alliance has elevated our capabilities in the marketplace, helping to differentiate our firm from the competition while allowing us to maintain our independence and entrepreneurial culture. We have access to a valuable peer network of like-sized firms as well as a broad range of tools, expertise, and technical resources. For more information on how GreerWalker can assist you, please call (704) 377-0239.

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