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Path: utzoo!utcsrgv!dave
From: dave@utcsrgv.UUCP (Dave Sherman)
Newsgroups: can.politics
Subject: Re: prejudice and then further rambling
Message-ID: <5018@utcsrgv.UUCP>
Date: Wed, 8-Aug-84 15:50:25 EDT
Article-I.D.: utcsrgv.5018
Posted: Wed Aug  8 15:50:25 1984
Date-Received: Wed, 8-Aug-84 16:40:48 EDT
References: <156@utecfa.UUCP> <5016@utcsrgv.UUCP>
Organization: The Law Society of Upper Canada, Toronto
Lines: 17

In article <5016@utcsrgv.UUCP> mnh@utcsrgv.UUCP (Mark N. Hume) writes:
~| I might also point out that forward averaging is very useful when people
~| retire, since in most cases retirement income is substantially lower than
~| pre-retirement income.  

No, it's not, unless the person who retires had a big jump
in income in his last year of work. Forward averaging can
only be used to the extent your income exceeds 110% of your
income over the previous three years, *after* adjusting for
inflation. It can only be used for other income by people in
certain categories, such as athletes and entertainers (who are
expected to have uneven income streams over their careers).

Dave Sherman
Toronto
-- 
 {allegra,cornell,decvax,ihnp4,linus,utzoo}!utcsrgv!dave