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72t intrest rates changes

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Byvj

L1: 72t intrest rates changesMy financemanager toldme that the 72t rates have change to a maxium of 6% for 2004 if you were starting a new account. Is this true?
Thanks….2004-02-28 14:55, By: vj, IP: [141.150.204.96]

L2: 72t intrest rates changesThere has been no change. Revenue Ruling 2002-62 and Qualified SEPP Plans post 12/31/2002 – The interest rate that may be used is any interest rate that is not more than 120 percent of the federal mid-term rate for either of the two months immediately preceding the month in which the distribution begins. At present that still in the 4% range.
Perhaps you misunderstood your Finance Manager, if not and he/she told you what you posted, I would sugest shopping for a new Finance Manager.2004-02-28 15:07, By: Gfw, IP: [172.16.1.70]

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