Definition
Method of determining life expectancy used to calculate post-death distributions, where once the life expectancy is determined in the determination year, 1 is subtracted from it for each subsequent year.
Referring Cite
IRC § 401(a)(9), Treas. Reg. 1.401(a)(9).
Additional Helpful Information
- If the participant dies before the required beginning date (RBD), the determination year is the year following the year the participant dies
- If the participant dies on or after the RBD, the determination year is either:
- The year the participant dies, if the participant has a longer life expectancy than the beneficiary
- The year following the year the participant dies, if the beneficiary has a longer life expectancy than the participant
