Retirement Income from a 401K Account – Part 1

I recently retired, so deciding what my income is, deciding how quickly to drain my retirement account, has gained a new urgency. Unless the goal is to live off Medicaid, or its expected that the government will put us down once we reach our life expectancy, its important to have a plan. And since the future is even harder to predict than the past, its a plan that must be flexible, and can adjust with the economy. Its important to remember that accommodations made early in retirement will be smaller than the forced reductions made later.

I’m hoping to do this in three parts. First, look at some trial & error estimates based on subtracting annual amounts. Second, look at mortality tables and life expectancy. And third, try to come up with some algebraic expressions, or simple formulas to make periodic reassessment easier. Yes, this has been done by more knowledgeable people than me, but for my sanity, I want to know what goes into these estimates and understand why I should make sacrifices now.

Continue reading

Prayer Request for South Sudan

I’ve been reading John Allen’s “The Global War on Christians”.  So this prayer request from a group I support is hitting home.  Please include the Christians in South Sudan in your prayers.

from: info (at)
Subject: Prayer Request for South Sudan

Your prayers are requested…You may have seen in the news that there is a great deal of civil unrest and fighting in South Sudan, where the Evangelical Lutheran Church in Sudan/South Sudan is based. While the town of Yambio (where ELCS/SS headquarters and the CLIHM seminary are located) has not suffered attacks, ELCS/SS pastors and their parishioners have not been so fortunate.The fighting seems to be primarily between the Nuer and Dinka tribes. It’s estimated that 1,000 people have been killed and some 200,000 displaced by the fighting that began on Dec. 15. Even in the “safe” areas, fuel, food and other necessary supplies are running low.

Today, the LHF office has received this email from Rev. Edward Nzeme, general secretary of the ELCS/SS:


Greetings from Yambio.The situation in our country South Sudan is not stable. Our church has been badly affected by the events in the country. Continue reading

Happy New Year 2014

I like to say I’m optimistic for the next year, but I’m not. “Hope for the best, expect the worst.”

For whatever it is worth, here are some predictions:

  1. There will be wars. Marauding warlords will continue to pillage civilians in the Middle east and Africa. Civil war may come to South America as Venezuela continues to collapse.
  2. Climate will continue to change. Ice will melt and water will freeze.
  3. Lawyers, Judges and Government will not save us. Those in charge will continue to pervert justice.
  4. Social conservatives will continue to be ignored. Babies will be continued to be born without fathers.
  5. Cleveland Brown will fail to sign a front line. Quarterbacks beware!
  6. Economic growth will be slow at best. The economy received a huge stimulus in 2013 as stocks rose 30%. It remains to be seen whether this creates stending, profits and earning. Against this upward force is implementation of the Obamacare mandates on employers, sapping hiring and earning. Also artificially low interest rates will continue discourage investments.
  7. The Church will survive.

I expect that, whether we deserve it or not, we will muddle through.

And the President said, “It’s Really Good!”

Uhl Pottery Company 1 gallon crock


I first saw this story many years ago, but recent events made me look for it.  It apparently dates back to the early 60’s.  But as a wise man once said, “There is nothing new under the sun.”  It could as well apply to the tower of Babel.


from  SNAFU Principle


In the beginning was the plan,
and then the specification;
And the plan was without form,
and the specification was void.


And darkness was on the faces of the implementors thereof;
And they spake unto their leader, saying:
“It is a crock of shit,
and smells as of a sewer.” Continue reading

An Interpretation of the Government Shutdown.

English: Ted Cruz at the Republican Leadership...If I understand the popular account of the Teaparty’s role in the recent fiscal disaster, The fight the GOP could have won is the debt ceiling debate. Focusing on Obamacare, and letting Harry Reid close the government, provided a distraction from the failure of the Obamacare role out.

Ted Cruz long speech on Obamacare, some how held up negotiations. Yet Harry Reid conducted the real filibuster by holding up the House CR until the last minute. Harry Reid did what he does best. Nothing. MSM focused on the evil Cruz and the evil Teaparty. But does anyone believe that would have been any different. Cruz and the Teaparty will always be the cause of all evil. Cruz efforts did put Obamacare in the public spotlight. They had to provide some coverage of the failure even if it was minimal. I heard more coverage of Hollywood “news” in the last two weeks. I credit Cruz and the Teaparty with forcing at least some coverage of the failure.  Continue reading