esrosedotblog

GREAT EXPECTATIONS

When you have an IRA, the upside is that you get to save money tax free in your earning years.

The downside is that when you get to 'a certain age', you have to withdraw the tax deferred money according to a formula based on life expectancy.

Like most (all?) people, I will reach that age next year when I am 70.5 years old.

As a prudent manager of my own money (hah!) I have already begun discussions with my CPA and money manager about this important (and somewhat stressful) step.

In doing so, we have done some trial calculations on the formula.

You divide your nut (the amount in the IRA) by your life expectancy. The life expectancy (why do I keep typing out the entire term) comes from a chart at the IRS or the Census or someplace. The product gives you the withdrawal amount.

Anyway, right now, my LIFE EXPECTANCY is 13.5 (thirteen and a half) years!

Keeerist!

Who made up this chart?

Can't be.

There is no way I feel 13.5 years away from the reap.

Anyway, that is this month's sobering statistic.

Compared to a lot of other statistics it is not too worrisome.

My resting heartrate is still in the low 60's. My body fat is under average (and declining as I am taking a brief dietary break calory-wise). I can do a mean hill on the bike.

But, then there are the other stats. Death by auto accident and all.

Anyway, my own personal life expectancy moves out more like 20+ years into the nineties.

Fuck the government tables.