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To: Sigmund who wrote (15015)	1/5/1998 4:44:00 PM
From: Logain Ablar	Read Replies (1) \| Respond to of 68092

Sigmund: <How is 59.5 years defined?> Yes, it is down to the day, not the same as the April 1 requirement following the calendar year in which the owner reaches age 70.5. <Does this mean that on Dec 10 I would be exempt from the excise tax? > I haven't checked the calendar but make sure its 183 days after your birthday to be on safe side. From a practical standpoint I'm sure many taxpayers start withdrawing in the year they turn 59.5. They run into the problem if they are ever audited. The big winners from the tax law will be the providers of advice (H&R Block, software (Intuit) & investment vehicles (mutual funds & brokerage houese, etc.). From Fed taking in more that will be due to an expanding economy. As our budget balances (assuming present administration doesn't increase expenditures) rates will continue to drop. Good for financial services. Just my 2 cents. Tim