Facts: both my wife and I turn 55 in 2000. I in feb, she in Oct. We want to use the Joint life expectancy division factor for the periodic payouts.
Q1.To determine the numerator of the calculation, do I use the total value of all my IRAs(both deductable and non-deductable, but not my Roth) as of Dec 31, 1999?
Q2.Do I wait until my wife's birthday in Oct before I can determine the joint life factor for 55/55 and use it as the denominator in determining the 2000 payout?
Q3. If I take money out of any IRA before her birthday but after mine, do I use the 55/54 life factor?
Thanks for any help,
Dr. Merlot