Sentences with phrase «when life expectancy tables»

The result is that retirees who transfer their tax - deferred savings into an income fund at 71 today will see their nest - egg cut in half by age 80 and will be down to 10 per cent by age 94, when life expectancy tables say they will live an additional four years on average.

Not exact matches

Using substantially equal monthly payments based on the IRS life expectancy table, the individual received $ 1,194.74 a month at age 57; $ 1,985.93 a month at age 69; $ 1,280.21 per month at age 70, when the payments shift to required minimum distributions; and ended up with $ 2,692.04 a month at age 90.

Finally, account owners must begin making at least required minimum withdrawals, which are set by the IRS using a life expectancy table, when the account owner turns 70 1/2, unless he or she is still employed.

Th e defendants submitted that Table 1 was more appropriate because the court had decided only how much his pre-injury life expectancy had been shortened when compared to the average male of his age, rather than assessing exactly how long the claimant would live.

Brooklyn federal Judge Jack Weinstein stops decades of New York personal injury practice dead in its tracks when he tosses out the actuarial life expectancy tables we use because the distinction between black and white life spans is discriminatory and unconstitutional (New York Law Journal via Law.com):