IRS Makes Annuity Mortality Table Update, With a Smile

June 6, 2023 by Allison Bell

The Internal Revenue Service is changing part of the financial machinery inside annuities, charitable giving and estate plans — in a friendly way.

The agency recently completed work on final regulations updating the official actuarial tables used to value annuities and other arrangements tied to how long people live, to reflect the results of the 2010 U.S. census. The final regulations will appear in the Federal Register Wednesday and apply to transactions completed after May 31, 2023.

Click HERE to read the full story via ThinkAdvisor

Originally Posted at ThinkAdvsior on June 5, 2023 by Allison Bell.