Meanwhile, in a complete denial of reality, the IRS (U.S. tax agency) has just revised its life expectancy tables this year in light of what they claim is an in

Meanwhile, in a complete denial of reality, the IRS (U.S. tax agency) has just revised its life expectancy tables this year in light of what they claim is an increase in life expectancy. These are the divisors used to determine the amount of annual distributions for tax purposes that retirees must take from their pre-tax accounts (IRAs, 401ks, etc). And Congress also moved the required start date up to age 72 from 70.5, again in the direction opposite of that dictated by reality. (The point of the required distributions is to get all the pre-tax money out of the accounts and taxed by expected age of death). "In general, since life expectancy has increased, the divisor used to calculate 2022 RMDs for a given age has also increased."[0] [0]https://www.forbes.com/sites/juliejason/2022/03/02/theyre-here-new-rmd-tables-just-published-in-2021-irs-pub-590-b/ https://www.forbes.com/sites/juliejason/2022/03/02/theyre-he...