You must begin using updated life expectancy and distribution period tables to calculate required minimum distributions (RMDs) from your qualified retirement plans and IRAs starting with the calendar year 2022. These tables reflect longer life expectancies based on a review of current mortality data. The good news is that the amount you’re required to take each year is lower, giving you the option of leaving more money in your retirement plan(s) to use later. However, don’t worry. You can always take more than what’s required.