| QUOTES from
the
Masters... |
| On Gratitude |
On Habits |
| "Sometimes
our light goes out but is blown into flame by another human being. Each
of us owes deepest thanks to those who have rekindled this light." --
Albert Schweitzer
"The
more you recognize and express gratitude for the things you have, the more
things you will have to express gratitude for." -- Zig
Ziglar
"There
is no better opportunity to receive more than to be thankful for what you
already have. Thanksgiving opens the windows of opportunity for ideas
to flow you way." -– Jim Rohn
|
"Being
miserable is a habit; being happy is a habit; and the choice is yours."
-– Tom Hopkins
"Good
habits are hard to form and easy to live with. Bad habits are easy
to form and hard to live with. Nothing is neutral. Everything
counts." -– Brian Tracy
"Good
habits are as addictive as bad habits, and a lot more rewarding." -- Harvey
Mackay
"Nothing
needs reforming so much as other people's habits." -- Mark
Twain
|
 |
Calculating Required Minimum Distributions |
|
The objective of the required minimum distribution rule is
to ensure that the entire value of a traditional IRA or employer-sponsored
qualified retirement plan account will be distributed over the IRA
owner's/retired employee’s life expectancy.
IRS regulations include a "Uniform Lifetime Table" that is
generally used to calculate the required minimum distributions that must be
made from qualified plans, including 401(k) plans, Section 403(b) annuities and
regular IRAs.
To calculate your annual
required minimum distribution, follow these simple steps:
|
|
|
Example: |
| Step 1: |
Account balance as of
the previous December 31: |
$________ |
$200,000 |
| Step 2: |
Distribution period
factor based on your age as of December 31 in the year for which the
distribution is being calculated: |
________ |
25.6 |
| Step 3: |
Divide Step 1 by Step
2; the result is your annual required minimum distribution for the year: |
$________ |
$7,812.50 |
Uniform Lifetime Table
|
Age
|
Distribution Period
Factor
|
Age
|
Distribution Period
Factor
|
Age
|
Distribution Period
Factor
|
|
70
|
27.4
|
86
|
14.1
|
102
|
5.5
|
|
71
|
26.5
|
87
|
13.4
|
103
|
5.2
|
|
72
|
25.6
|
88
|
12.7
|
104
|
4.9
|
|
73
|
24.7
|
89
|
12.0
|
105
|
4.5
|
|
74
|
23.8
|
90
|
11.4
|
106
|
4.2
|
|
75
|
22.9
|
91
|
10.8
|
107
|
3.9
|
|
76
|
22.0
|
92
|
10.2
|
108
|
3.7
|
|
77
|
21.2
|
93
|
9.6
|
109
|
3.4
|
|
78
|
20.3
|
94
|
9.1
|
110
|
3.1
|
|
79
|
19.5
|
95
|
8.6
|
111
|
2.9
|
|
80
|
18.7
|
96
|
8.1
|
112
|
2.6
|
|
81
|
17.9
|
97
|
7.6
|
113
|
2.4
|
|
82
|
17.1
|
98
|
7.1
|
114
|
2.1
|
|
83
|
16.3
|
99
|
6.7
|
115 and
|
1.9
|
|
84
|
15.5
|
100
|
6.3
|
older
|
|
|
85
|
14.8
|
101
|
5.9
|
|
|
|
EXCEPTION: If your beneficiary is your spouse who is more than 10 years younger than you,
instead of this table you can use the actual joint life expectancy of you and
your spouse from the IRS Joint and Last Survivor Table to calculate required
minimum distributions.
|
NOTE: The
above
discussion does not apply to non-deductible
Roth IRAs, which are not subject to
minimum distribution requirements.
|
| MESSAGES
from
the Masters... |
YOU DESERVE TO BE HAPPY by Brian Tracy
Achieving your own happiness is the best measure of how well you are
living your life and enjoying your relationships.
EVERYONE IS DIFFERENT
Happiness in life is like a smorgasbord. If 100 people went to a
smorgasbord and each put food on their plate in the quantity and mix
that each felt would be most pleasing to him, every plate would be
different. Happiness is the same way. Each person requires a particular
combination of those ingredients to feel the very best about himself or
herself.
LISTEN TO YOUR HEART
And your mix is changing continually. Therefore, the only way to
judge whether a job, a relationship, an investment, or any decision, is
right for you is to get in touch with your feelings and listen to your
heart.
BE TRUE TO YOURSELF
You're true to yourself only when you follow your inner light, when you
listen to what Ralph Waldo Emerson called the "still, small voice
within." You're being the very best person you can be only when you
have the courage and the fortitude to allow your definition of
happiness, whatever it may be, to be the guiding light of every part of
your life.
THERE ARE NO LIMITS
Accept the notion that you deserve all the happiness you can honestly
attain through the application of your talents and abilities. The more
you like and respect yourself, the more deserving you will feel of the
good things in life. And the more deserving you feel, the more likely
you will attain and hold on to the happiness you are working
toward.
MAKE HAPPINESS YOUR KEY MEASURE
You should make happiness the organizing principle of your life.
Compare every possible action and decision you make against your
standard of happiness to see whether that action would make you happier
or unhappier.
PAY THE PRICE
Of course, there are countless times when you will have to do little
things that don't make you happy along the way toward those larger
things that make you very happy indeed. We call this paying the price
of success in advance. You must pay your dues. Sometimes
these interim steps don't make you happy directly, but the happiness
you achieve from attaining your goal will be so great that it totally
overwhelms the temporary inconveniences and dissatisfactions of getting
there.
|
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