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Thread: U.S. Life Expectancy

  1. #1

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    Default U.S. Life Expectancy

    Below is an estimation of life expectancy changes over the next few decades. This assumes that the life expectancy continues to change at the rate it has been for the last few dacades. I science break through could change this dramatically. Thought you might be interested.
    Attachment 4060
    A distribution of monkeys throwing darts to choose their allocations would likely have produced a higher performer ...-Desperado ... My Account & My Account Talk


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  3. #2

    Default Re: U.S. Life Expectancy

    Click HERE for a Life Expectancy Calculator.

    Kind of morbid but kind of interesting also.

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  5. #3

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    Default Re: U.S. Life Expectancy

    That calculator is based on the current life expectancy. If life expectancy continues to creep upward, the life expectancy 20-30 years from now will be higher than it is today. FWIW
    A distribution of monkeys throwing darts to choose their allocations would likely have produced a higher performer ...-Desperado ... My Account & My Account Talk

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  7. #4

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    Cool Re: U.S. Life Expectancy

    Quote Originally Posted by GarySpicuzza View Post
    Click HERE for a Life Expectancy Calculator.

    Kind of morbid but kind of interesting also.


    This is an interesting post, I really enjoyed the part about the withdrawal penalties prior to age 59 ½ are 10 percent. This is common knowledge about the penalty. I plan to retire at age 56 (MRA) or at least have enough in TSP to make up the difference in annual income. But to get around this tax penalty prior to age 59 ½ you can do the following:

    • Dividends from employee stock ownership plans (ESOPs). These are never subject to the early withdrawal tax, regardless of your age.
    • Substantially equal payments. You receive equal payments from the plan over your expected lifetime or the expected lifetime of you or you and your spouse.
    • Medical expenses. Certain medical expenses are exempt from the early withdrawal tax if they exceed 7.5 percent of your adjusted gross income.
    • Education expenses. These include tuition and other specific higher education expenses for you, your spouse, children, or grandchildren.
    • First-time home purchase. Again, the home can be purchased by you, your spouse, or certain other family members.
    • Plan payments from a former employer. This exception only applies if you are at least age 55.
    • Alimony or child support payments. To qualify, these payments must be the result of a legal agreement, not a private concord.
    • Payments from a qualified annuity contract. For instance, you may receive payments from an annuity purchased by your former employer.
    In my case, my Alimony payments could be withdrawn and not receive the 10 % tax pre age 59 ½ penalty. I would still show the TSP withdrawal as income for my regular taxes. This is a very good rule for the employee’s who pay this.

    I don’t understand the Substantially Equal Payments part. I assume they mean the part of the TSP where you can roll it into an annuity fixed for life?? Does anyone out there in TSP land get this part?

    Also, Plan Payments from a former employer… I can receive an annuity when I reach my MRA of 56. Does this mean I can draw on my TSP if I get payments from a former employee? Any recent fed retired folks out there? Help me I’m fast approaching my MRA!!
    Maintain a positive attitude, focus on what you want and show gratitude for what you have…

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