What Is the Purpose of the Uniform Lifetime Table?


Quick Answer

The Uniform Lifetime Table is a life-expectancy chart that helps people with retirement accounts determine their mandatory distributions, states Bankrate. A retiree over 70 1/2 finds his age and the corresponding distribution period, then divides the value of his IRA by the distribution period number to find his minimum distribution.

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Full Answer

The table is for IRA owners who are married, have a spouse who is no more than 10 years younger, and owners whose spouses are not the sole beneficiaries of the IRA, states IRS.gov. A beneficiary uses the single life expectancy table, while a spouse who is more than 10 years younger and a sole beneficiary of the IRA use the joint and last survivor expectancy table.

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