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Path: utzoo!watmath!clyde!burl!ulysses!mhuxr!ihnp4!pesnta!hplabs!hp-pcd!john
From: john@hp-pcd.UUCP (john)
Newsgroups: net.taxes
Subject: IRA Question
Message-ID: <53400009@hp-pcd.UUCP>
Date: Wed, 23-Jan-85 11:55:00 EST
Article-I.D.: hp-pcd.53400009
Posted: Wed Jan 23 11:55:00 1985
Date-Received: Sat, 26-Jan-85 05:39:07 EST
Organization: Hewlett-Packard - Corvallis, OR
Lines: 15
Nf-ID: #N:hp-pcd:53400009:000:676
Nf-From: hp-pcd!john    Jan 23 08:55:00 1985

<<<

   Does anyone know what the maxiumun age that you can withdraw money from an
IRA is? Everything that I read says 59 1/2 to at least 70 1/2 and up to your
"expected" life span. How is this decided and what is the current age that you
can withdraw funds?

   I check some standard insurance tables and my life expectantcy at birth was
66 years. If you don't start withdrawing money until you retire at 65 and have
to have it all out in 5 years then that could make a big difference in the tax
rate that you have to pay. The life expectantcy for someone who has reached
age 65 would be a lot higher than someone at age 0 but who decides?

John Eaton
!hplabs!hp-pcd!john