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Author: CABob Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 5741  
Subject: Re: Inherited IRA Date: 7/15/2011 2:09 PM
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I remember something about the value of the IRA at the end of the last trading day of the previous year......that is one number in the equation and I can get that. I would just need to know the "number" they use for my life expectancy. Does that change as I get older?

I believe that in your case your life expectancy is found in Table I of Appendix C.
So if you are 55 years old, your life expectancy is 29.6 years. This means that the percentage of this years withdrawal is 1 divided by 29.6 or about 3.38%. Multiply this percentage by the IRA value at the end of the prior year to get the dollar amount that will be withdrawn.
Your life expectancy gets smaller by a little less than 1 year for each year you age.

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