Client age is 80yr in 2023. His RMD using last year's table was 20.2. Using the new table is 18.7. So his taxable distribution will be quite larger than I had told him. His 78-yr old wife similarly moves from 22.0 to 20.3, again larger 2023 distribution. Will now put him into next IRMAA bracket. Am I reading this correctly?

qbteachmt

Level 15

"His RMD using last year's table was 20.2. Using the new table is 18.7."

Everything went down, in that the life expectancy increased. What was 18.7 (5.35%) is now 20.2 (4.96%). You might want a reference with both columns, the transition, such as:

https://www.bairdwealth.com/siteassets/pdfs/wealth-management-perspectives/2022-uniform-lifetime-table-rmd.pdf

https://static.fmgsuite.com/media/documents/62a03f4e-4470-466d-ab38-c2d1850bfc7d.pdf

https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-required-minimum-distributions-rmds

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