jIM wrote:
- quote -

What age to consider LTC? When are you going to need it. Could be any
age. Life's a beach. I asked an eldercare lawyer that question two
days ago. He said 40. So, forty works for me. I will leave the second
question for an account. The third question is confusing. You have to
start taking money out of a traditional IRA on the April 1st following
the date you reach 70 1/2. If your IRA is extraordinarily well
managed you could have moolah forever. It would never be exhausted.


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T Rowe Price sent it's lateest issue (Sept-2006) this week. One
article I found informative listed ages for financial planning
milestones. However for my own purposes I found some issues missing.

Entire article

http://www.troweprice.com/common/ind...ml?rfpgid=8175

ages article listed:

50 (catch up contributions)
55 (can take distributions from employers retirement plan without 10%
penalty)
59 1/2 (can take traditional IRA withdraws without 10% penalty)
62 can start taking SS with a 25% reduced payout
65-67 can start taking SS
70 maximum SS benefit
70 1/2 must start taking RMD's from traditional IRAs

What I was looking for and did not see:

What age to consider LTC insurance?
Any tax deductions which are correlated to age? Not sure, but thinking
it might be worth discussing.
Is their a maximum age someone would have $$ in a traditional IRA?
meaning RMD's would eventually exhaust account from IRS tables,
correct? What age is this? I would assume this would be someone which
lived longer than the life expectancy table.