Hello Fellow Fools.....It is my understanding that when
applying your age as selected from a IRS approved
mortality table you use your age as of 31 December, the END of
the year....not your age on the particular day you are consulting the table. Most advice that I have
found about early withdrawls don't mention this, potentially screwing up the calculations if you make
and implement them BEFORE YOUR BIRTHDAY.

Any guesses on what inspired my nickname????????????

ttjasi wrote,

Hello Fellow Fools.....It is my understanding that when
applying your age as selected from a IRS approved
mortality table you use your age as of 31 December, the END of
the year....not your age on the particular day you are consulting the table. Most advice that I have
found about early withdrawls don't mention this, potentially screwing up the calculations if you make
and implement them BEFORE YOUR BIRTHDAY.

Good point.

I've seen the rule expressed as "use the age you reach on your birthday in the year of the distribution", but I think your version. "use your age as of 31 December, the END of the year [in which you take the IRA distribution]" is easier to understand.

intercst

It is my understanding that when
applying your age as selected from a IRS approved
mortality table you use your age as of 31 December, the END of the year

In other words, simply take the year of your first distribution, and subtract your birth year, and use
that number in the table.

I did not know this! That additional year helps.

Any guesses on what inspired my nickname?

ttjasi = take this job and shove it :)

duggg wrote,

<<<<<Any guesses on what inspired my nickname?>>>>>

ttjasi = take this job and shove it :)

We'll have to add this to the list of acronyms on the Retire Early FAQ. <grin>

intercst