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LETTER: A lesson learned while doing taxes

To the editor:

Doing taxes is always some kind of an education. What did I learn this year? I learned that individuals who are in a declared disaster area can take a penalty free distribution from an IRA. And what does this mean?

To me it means that the risk of disaster can be transferred to your retirement rather than shared widely through a FEMA appropriation. It isn't very exciting to think about, but the concept of shared risk, often through the purchase of insurance, is one of the pillars of stability in the modern world.

In this world of a disrupted climate, we are all at risk. We might want to think carefully about how much we want to bear individually through our hard-earned retirement savings.

Judith S. Rose

Alexandria, MN

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