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What is a Life Expectancy Table?

April 26, 2017expectancy life Table

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What is a Life Expectancy Table?

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The life expectancy table provides a life expectancy factor which is used in the calculation of the SEPP, or substantially equal period payments for two of the three available distribution methods: Required Minimum Distribution and Fixed Amortization. The life expectancy table is just that, it estimates the number of years remaining in an individuals life and this number is known as the life expectancy factor. The life expectancy factor is used to spread annual withdrawals from your retirement account for the expected remainder of your life.