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Articles related to focusing on healthy aging, prevention, mobility, cognition, nutrition, independence, and caregiving support.

7 min

What does the life expectancy factor mean?

According to the World Health Organization, the global average life expectancy was over 73 years in 2023, a significant increase from past decades. Understanding the definition and implications of this measure is crucial for anyone interested in healthy aging and long-term financial planning, as it directly addresses the question of what does the life expectancy factor mean.

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6 min

Is it better to take your RMD monthly or annually?

For retirees with tax-deferred accounts, Required Minimum Distributions (RMDs) are an annual reality, but over 90% of those eligible opt for either monthly or annual payouts. The optimal schedule—monthly or annually—is not a one-size-fits-all answer, and depends entirely on your financial goals, spending habits, and tax strategy.

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3 min

What are the benefits of RMDs (Required Minimum Distributions)?

According to the IRS, the starting age for taking Required Minimum Distributions (RMDs) has increased to 73 for those who turn 72 after 2022, and it will increase again to 75 in 2033. While often seen as a tax burden, understanding the strategic benefits of RMDs can turn this mandatory withdrawal into a valuable tool for funding your retirement and managing your wealth.

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4 min

Is the new retirement age 72? Unpacking the Truth About Your Retirement

For anyone born in 1960 or later, the Social Security Administration officially sets the full retirement age at 67. This definitive fact immediately addresses the common question: Is the new retirement age 72?, which stems from recent changes to other retirement rules and frequent legislative discussions.

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3 min

What is the RMD factor for age 73 and how is it calculated?

According to the IRS, for a retirement account holder who turns 73 in the current year, the life expectancy factor is 26.5. This factor is critical for answering the question, "What is the RMD factor for age 73?", and is used to determine the minimum amount you must withdraw from your tax-deferred retirement accounts annually, such as a traditional IRA or 401(k).

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5 min

What is the formula for calculating my RMD?

As of 2023, the age to begin taking Required Minimum Distributions (RMDs) from retirement accounts increased to 73 under the SECURE 2.0 Act. If you are wondering, “**What is the formula for calculating my RMD?**” the process generally involves dividing your prior year-end account balance by a life expectancy factor provided by the IRS.

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