Business and Personal Finance Dictionary

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• LIFE EXPECTANCY
  
  Your life expectancy is the age to which you can expect to live. The IRS provides actuarial tables that establish your official life expectancy, which you use to determine your minimum required distribution from a 401(k), traditional IRA, or other tax-deferred retirement savings plan. However, your true life expectancy, based on your lifestyle, family history, and other factors, may be longer or shorter than your official life expectancy.
  
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