Pub 590B [Uniform Lifetime Table update?]

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Pub 590B [Uniform Lifetime Table update?]

Post by mouses » Sat Jan 13, 2018 12:50 pm

I like to crunch my financial numbers in January, for taxes, IRA RMDs, etc.

I see that the latest IRS Pub 590b is for 2016. That Pub contains the Uniform Lifetime Table for calculating IRA RMDs. I know they don't change that table every often, but I don't want to crunch numbers from the old publication and then have to redo them.

I wonder why the IRS doesn't have the 2017 Pub ready yet? Hardly anything changes in that, I think.

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Re: Pub 590B

Post by PFInterest » Sat Jan 13, 2018 3:05 pm

i think they are busy with other things....

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Re: Pub 590B

Post by HueyLD » Sat Jan 13, 2018 3:16 pm

I have not heard or read anything about changes in IRS tables.

I am 99.99% sure that the tables won't change.

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Re: Pub 590B

Post by sport » Sat Jan 13, 2018 3:19 pm

I printed the table from Pub 590 in 2013. (590 had not been split into A & B at that time.) I calculated my 2018 RMD using that table and it matches Vanguard's calculation. So, It all seems to be correct. You could use the 2016 table to start with, and verify that it is unchanged when the new 590-B is available.

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Re: Pub 590B

Post by jebmke » Sat Jan 13, 2018 3:24 pm

I think the chance of their having been a change to the tables without quite a bit of advanced announcement is pretty low. Plus, the calculation is basically X divided by Y - there isn't a lot of crunching involved unless I missed something.
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Re: Pub 590B

Post by Alan S. » Sat Jan 13, 2018 10:49 pm

We are now 16 years into the current RMD tables, and the 1987 tables lasted 15 years, so if the rate of mortality improvement has been consistent we would be due for new tables now. However, there has been no news of even preliminary tables being released and I know of no way to tell if there is any preliminary work proceeding or how far away we are from meeting the threshold required to update the tables.

Anecdotal news seems to indicate the rate of mortality improvement has stalled, and additional time without news would seem to confirm that. Anyway, I wouldn't hold my breath at this point for any 2018 RMD reductions.

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