“IRS Seeks to Adjust RMDs for Longer Lives,” by Melanie Waddell, ThinkAdvisor

Quote: “The Internal Revenue Service has released proposed regulations to update the life expectancy tables for required minimum distributions from qualified retirement plans, IRAs and annuities. … With the proposed change, a retiree’s first RMD would be 3.44% of their account, down from 3.65%, according to Jeff Levine, a CPA and financial planner.”

 

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):

If this change takes effect, retirees will have more wealth to protect for longer … one more reason to insure for LTC long before the RMD becomes mandatory at age 70.5 years.