Subject: Re: Thoughts on Berkshire withdrawal strategy
It's even worse than that.

65 year old men living in the USA, life table calculations may tell us that they will live for an average of 17 more years.

Then it is easy to calculate that in the 60,000 people without those serious risk factors, average life expectancy will be (100,000*17-1000*2-39,000*8)/60,000 = 23 years of remaining life.

Well, it's actually not worse than that. The IRS table starts at a 27 year life expectancy at age 72, while the statistical life expectancy at that age is 14 years for men and 16 for women.

Elan