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MDIB |
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An exception to use of the MDIB table applies when the account owner's sole beneficiary is a spouse more than 10 years younger than the account owner. The new rules use a single table, equivalent to the MDIB table and beneficiaries do not need to be specified until the year after death. The MDIB rule deems the designated beneficiary (other than the participant's spouse) to be no more than 10 years younger than the employee while the employee is alive, which increases the payout amount until the employee dies. |
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