Select whether or not to base the calculation of distributions on a Single or a Joint life expectancy.
The minimum distributions rules allow retirement plan funds to be withdrawn over the joint life expectancies of the plan owner and a beneficiary only where there is a designated beneficiary. The term beneficiary refers to an individual. If a charity or the plan owner’s estate is named as the beneficiary, there is no “designated beneficiary,” and funds must be withdrawn over the plan owner’s life expectancy. If there is no beneficiary, click Single.
For distributions starting in 2022 and later, the Minimum Distributions method is based on the Single Life Table (1/1/2022), Joint Life Table (1/1/2022), or the Uniform Lifetime Table (1/1/2022).
For distributions starting in 2002 through 2021, the Minimum Distributions method is based on the Single Life Table, Joint Life Table, or the Uniform Lifetime Table.
