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No. of Recommendations: 3
<<It is a slow and deliberate process. It will come.>>


Why not simply allow the election to take place?


Impeachment is simply going to get in the way of the election. Trump's vindication by the Senate will allow him to roll on to triumph in the election.


You guys would be better off taking your case to the American people in the election and letting them decide.



Seattle Pioneer
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I was hoping that they'd raise the RMD start date from 70-1/2 to age 72 or 73.

intercst
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Look at the bright side. At the age of 72, your RMD will be less than what I had to withdraw at age 70.
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I was hoping that they'd raise the RMD start date from 70-1/2 to age 72 or 73.

the IRS cannot do that...only Congress can change the statute on when TIRA and retirement plan owners must begin RMDs. This change is currently approved from the House in the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019, which will raise the RMD age from 70.5 to 72. My e-mail notices show there is quite a bit of interest in getting this bill through the Senate and up to the President for signature.

For those not yet 70.5 and not requiring some or all of their RMD to live on, this would effectively save them 1 to 2 years of RMDs and the tax due on them.

BruceM
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" e-mail notices show there is quite a bit of interest in getting this bill through the Senate and up to the President for signature."

*****************************************************************************************

There has been zero interest in passing any legislation this fall from all appearances.
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There has been zero interest in passing any legislation this fall from all appearances.

Yes, impeachment is a top priority right now.
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" There has been zero interest in passing any legislation this fall from all appearances.

Yes, impeachment is a top priority right now. "

************************************************************

Merely talk about impeachment "inquiries".
The House cannot even manage the gumption to vote on actual impeachment.
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Merely talk about impeachment "inquiries".
The House cannot even manage the gumption to vote on actual impeachment.


It is a slow and deliberate process. It will come.
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No. of Recommendations: 3
<<It is a slow and deliberate process. It will come.>>


Why not simply allow the election to take place?


Impeachment is simply going to get in the way of the election. Trump's vindication by the Senate will allow him to roll on to triumph in the election.


You guys would be better off taking your case to the American people in the election and letting them decide.



Seattle Pioneer
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No. of Recommendations: 4

You guys would be better off taking your case to the American people in the election and letting them decide.



Seattle Pioneer


-------------------------------

The problem with that is that the people cannot be trusted to make the "correct" decision. The whole concept of elitism is that regular people need the very smart and righteous elites to decide for them.
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"Impeachment is simply going to get in the way of the election. "

Yes,that is the exact reason for the democrats keeping this going as long as possible.

The constant negative Trump publicity of the impeachment talks is hoped to taint the minds of independents & swing them away from Trump.

Having the vote is the LAST thing democrats want.
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Having the vote is the LAST thing democrats want.

That must be why they love the electoral college so much and are adamant that the Presidential election NOT be based on the popular vote.

culcha
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"Merely talk about impeachment "inquiries".
The House cannot even manage the gumption to vote on actual impeachment.

It is a slow and deliberate process. It will come.
**************************************************************

The process so far has shown Joe Biden to be more disreputable than merely
sniffing ladies hair - and that is about all.
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Look at the bright side. At the age of 72, your RMD will be less than what I had to withdraw at age 70.

True...but if you chart these two divisors (life expectancy) out and from them, the RMDs required, something very interesting happens.

In the first

 New Life Expectancy Tables for RMDs												New RMD Table + SECURE Act		
Expected Annual Avg Rate of Rtn 5.00%
Tax Savings at Tax Savings at
End of Year Uniform Table yrs Ret Plan Bal End of Previous Year RMD Amount Marginal Rate of Cumulative RMD Not Marginal Rate of Cumulative
Age Existing New Diff Existing New Existing New Difference 22% Tax Savings Taken 22% Tax Savings

70 27.4 29.1 1.7 $1,000,000 $1,000,000 $36,496 $34,364 $2,132 $469 $469 $36,496 $8,029 $8,029
71 26.5 28.2 1.7 $1,011,679 $1,013,918 $38,177 $35,955 $2,222 $489 $958 $38,177 $8,399 $16,428
72 25.6 27.3 1.7 $1,022,177 $1,026,861 $39,929 $37,614 $2,315 $509 $1,467 $509 $16,937
73 24.7 26.4 1.7 $1,031,361 $1,038,710 $41,756 $39,345 $2,410 $530 $1,997 $530 $17,468
74 23.8 25.5 1.7 $1,039,086 $1,049,333 $43,659 $41,150 $2,509 $552 $2,549 $552 $18,020
75 22.9 24.6 1.7 $1,045,198 $1,058,592 $45,642 $43,032 $2,610 $574 $3,124 $574 $18,594
76 22.0 23.7 1.7 $1,049,534 $1,066,337 $47,706 $44,993 $2,713 $597 $3,720 $597 $19,191
77 21.2 22.8 1.6 $1,051,919 $1,072,411 $49,619 $47,036 $2,583 $568 $4,289 $568 $19,759
78 20.3 21.9 1.6 $1,052,416 $1,076,645 $51,843 $49,162 $2,681 $590 $4,879 $590 $20,349
79 19.5 21.0 1.5 $1,050,601 $1,078,857 $53,877 $51,374 $2,503 $551 $5,429 $551 $20,899
80 18.7 20.2 1.5 $1,046,560 $1,078,857 $55,966 $53,409 $2,557 $563 $5,992 $563 $21,462
81 17.9 19.3 1.4 $1,040,124 $1,076,721 $58,107 $55,789 $2,319 $510 $6,502 $510 $21,972
82 17.1 18.4 1.3 $1,031,118 $1,071,979 $60,299 $58,260 $2,040 $449 $6,951 $449 $22,421
83 16.3 17.6 1.3 $1,019,359 $1,064,405 $62,537 $60,478 $2,060 $453 $7,404 $453 $22,874
84 15.5 16.8 1.3 $1,004,663 $1,054,124 $64,817 $62,745 $2,072 $456 $7,859 $456 $23,330
85 14.8 16.0 1.2 $986,838 $1,040,947 $66,678 $65,059 $1,619 $356 $8,216 $356 $23,686
86 14.1 15.2 1.1 $966,168 $1,024,682 $68,523 $67,413 $1,109 $244 $8,460 $244 $23,930
87 13.4 14.4 1.0 $942,528 $1,005,132 $70,338 $69,801 $537 $118 $8,578 $118 $24,048
88 12.7 13.6 0.9 $915,799 $982,098 $72,110 $72,213 $(103) $(23) $8,555 $(23) $24,025
89 12.0 12.9 0.9 $885,874 $955,379 $73,823 $74,060 $(238) $(52) $8,503 $(52) $23,973
90 11.4 12.1 0.7 $852,653 $925,385 $74,794 $76,478 $(1,684) $(370) $8,132 $(370) $23,603
91 10.8 11.4 0.6 $816,752 $891,352 $75,625 $78,189 $(2,564) $(564) $7,568 $(564) $23,039
92 10.2 10.8 0.6 $778,183 $853,821 $76,292 $79,058 $(2,765) $(608) $6,960 $(608) $22,430
93 9.6 10.1 0.5 $736,985 $813,502 $76,769 $80,545 $(3,775) $(831) $6,130 $(831) $21,600
94 9.1 9.5 0.4 $693,227 $769,605 $76,179 $81,011 $(4,832) $(1,063) $5,066 $(1,063) $20,537
95 8.6 8.9 0.3 $647,900 $723,024 $75,337 $81,239 $(5,901) $(1,298) $3,768 $(1,298) $19,238
96 8.1 8.3 0.2 $601,191 $673,874 $74,221 $81,190 $(6,969) $(1,533) $2,235 $(1,533) $17,705
97 7.6 7.8 0.2 $553,319 $622,319 $72,805 $79,784 $(6,979) $(1,535) $700 $(1,535) $16,170
98 7.1 7.3 0.2 $504,539 $569,661 $71,062 $78,036 $(6,974) $(1,534) $(835) $(1,534) $14,636
99 6.7 6.8 0.1 $455,151 $516,207 $67,933 $75,913 $(7,980) $(1,756) $(2,590) $(1,756) $12,880
100 6.3 6.4 0.1 $406,579 $462,309 $64,536 $72,236 $(7,699) $(1,694) $(4,284) $(1,694) $11,186
101 5.9 5.9 0.0 $359,145 $409,577 $60,872 $69,420 $(8,548) $(1,881) $(6,165) $(1,881) $9,306
102 5.5 5.6 0.1 $313,187 $357,165 $56,943 $63,779 $(6,836) $(1,504) $(7,669) $(1,504) $7,802
103 5.2 5.2 0.0 $269,056 $308,055 $51,741 $59,241 $(7,500) $(1,650) $(9,318) $(1,650) $6,152
104 4.9 4.9 0.0 $228,180 $261,254 $46,567 $53,317 $(6,750) $(1,485) $(10,803) $(1,485) $4,667
105 4.5 4.6 0.1 $190,693 $218,334 $42,376 $47,464 $(5,088) $(1,119) $(11,923) $(1,119) $3,547
106 4.2 4.3 0.1 $155,733 $179,413 $37,079 $41,724 $(4,645) $(1,022) $(12,945) $(1,022) $2,526
107 3.9 4.1 0.2 $124,586 $144,574 $31,945 $35,262 $(3,317) $(730) $(13,674) $(730) $1,796
108 3.7 3.9 0.2 $97,273 $114,777 $26,290 $29,430 $(3,140) $(691) $(14,365) $(691) $1,105
109 3.4 3.7 0.3 $74,532 $89,615 $21,921 $24,220 $(2,299) $(506) $(14,871) $(506) $599
110 3.1 3.5 0.4 $55,242 $68,664 $17,820 $19,618 $(1,799) $(396) $(15,266) $(396) $204
111 2.9 3.4 0.5 $39,293 $51,498 $13,549 $15,147 $(1,597) $(351) $(15,618) $(351) $(148)
112 2.6 3.2 0.6 $27,031 $38,169 $10,396 $11,928 $(1,531) $(337) $(15,955) $(337) $(485)
113 2.4 3.1 0.7 $17,466 $27,553 $7,278 $8,888 $(1,611) $(354) $(16,309) $(354) $(839)
114 2.1 3.0 0.9 $10,698 $19,598 $5,094 $6,533 $(1,439) $(316) $(16,626) $(316) $(1,156)
115 2.1 2.9 0.8 $5,884 $13,719 $2,802 $4,731 $(1,929) $(424) $(17,050) $(424) $(1,580)
116 2.1 2.8 0.7 $3,236 $9,438 $1,541 $3,371 $(1,830) $(403) $(17,452) $(403) $(1,982)
117 2.1 2.7 0.6 $1,780 $6,370 $848 $2,359 $(1,512) $(333) $(17,785) $(333) $(2,315)
118 2.1 2.5 0.4 $979 $4,212 $466 $1,685 $(1,218) $(268) $(18,053) $(268) $(2,583)
119 2.1 2.3 0.2 $538 $2,653 $256 $1,154 $(897) $(197) $(18,251) $(197) $(2,780)


ok, this comes out a bit jumbled and I can't figure out how to line up all the columns in this format, but look down the left hand column next to the age. The first column is the current RMD divisor the second is the new RMD divisor and the next column is the difference. Notice the difference remains constant to age 76 then begins declining until age 103 when there is no difference. But what happens as a result of this is the tax savings peaks at age 78, then rolls off and then goes negative at age 88. The reason for this is the balance under the new system is so much higher at that point. However, big picture, the total paid in taxes does not break even until age 98. Now, if SECURE Act kicks in, there's enough tax savings at the front end that the total cumulative tax paid does not get to parity until age 111.

Not much practical application, just interesting

BruceM
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