1.7 IRA Life Expectancy

This is a common screen where an user can maintain customer-level IRA Life Expectancy information required for RMD calculations in OBA.

This will be provided as Static Data and user will be able to modify the details as required basis the changes to the Life Expectancy Table.

There are three tables namely: "Single Life Expectancy" "Uniform Life time" "Joint Life and Last Survivor Expectancy" .

Basis the RMD calculation scenario - the respective table will be referred to for arriving at the Life Expectancy Factor

Once the applicable table is identified, the life expectancy factor is derived primarily based on the IRA owner’s age (and spouse’s age where applicable).

• View IRA Life Expectancy
  This topic explains the systematic instructions to view the list of configured IRA life expectancy.