Even better than the 2001 proposed rules

Most taxpayers will use this table for computing distributions

Here is an explanation with examples

View IRS explanation (preamble to regulations)

Previously......

On January 17, 2001, the Internal Revenue Service issued Proposed Regulations that dramatically simplify the rules relating to Required Minimum Distributions from qualified retirement plans, including IRAs.  The proposed regulations may be relied upon according to IRS.

The proposed new rules will become final when published as Final Regulations in the Federal Register.  The comment period on the proposed regulations expires after May 11, 2001.  A public hearing is scheduled for June 1, 2001.

Major simplification includes:

   Calculation of required minimum distributions

   Determination of a designated beneficiary for distributions after death

Check out a more detailed explanation with examples

See excerpts from the Preamble to the proposed regulations here (in almost plain language).