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03-06-2014, 05:36 AM
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#1
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Confused about dryer sheets
Join Date: Mar 2014
Location: Houston
Posts: 2
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Calculating a 72t
Can anyone here give me the formula to calculate the most simple 72t method. I know there are many online calculators; however I would like to see the actual method.
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03-06-2014, 05:55 AM
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#2
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,699
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I split this off into a new thread.
__________________
In economics, things take longer to happen than you think they will, and then they happen faster than you thought they could.”
― Rudiger Dornbusch
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03-06-2014, 06:05 AM
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#3
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Thinks s/he gets paid by the post
Join Date: May 2007
Posts: 1,525
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The life expectancy tables are an Appendix to IRS Publication 590.
This link, although dated, describes the withdrawal options in enough detail for you to set up a spreadsheet to check calculator values.
72t Rule - 72t Distribution - 72t Rule for IRA and 401k
__________________
No doubt a continuous prosperity, though spendthrift, is preferable to an economy thriftily moral, though lean. Nevertheless, that prosperity would seem more soundly shored if, by a saving grace, more of us had the grace to save.
Life Magazine editorial, 1956
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03-06-2014, 06:28 AM
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#4
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Recycles dryer sheets
Join Date: Jun 2013
Location: Forney
Posts: 120
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03-06-2014, 07:01 AM
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#6
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Confused about dryer sheets
Join Date: Mar 2014
Location: Houston
Posts: 2
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Thanks, could you also show the formula. I can get amount using online calculators, but would like to see the math. Do you have to calculate the return over the life span first and then divide by years to live.
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03-06-2014, 07:38 AM
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#7
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Recycles dryer sheets
Join Date: Jun 2013
Location: Forney
Posts: 120
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 Quote:
Originally Posted by chardrider
Thanks, could you also show the formula. I can get amount using online calculators, but would like to see the math. Do you have to calculate the return over the life span first and then divide by years to live.
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The links we provided to the IRS website show the calculations. I also included the IRS life expectancy tables.
Go to the link and click on item 7. It gives and example for all three methods,
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