The IRS life expectancy (LE) tables used to calculate required minimum distributions (RMDs) will change in 2022. The revised factors reflect an increase in life expectancies and apply to distributions taken on or after January 1, 2022, including payments for individuals who have already begun taking RMDs. Figures will generally provide smaller payment amounts than those calculated with the existing tables.
In accordance with IRS guidelines, on January 1, 2022, Capital Group will begin using the revised tables for LE calculated distributions. No action is required from investors with automated distributions where Capital Group is systematically calculating the required amount.