72-t IRA rcalculation

L1: 72-t IRA rcalculationClient has approached me saying that he “heard” of a PLR that allowed a recalculation of a 72t that would reflect a large decline in account value since the distributions began. His desire is to recalculate so a lower withdrawal can be made. Anyone have this information?
John H. Palmer III, CFP(R)
2003-12-12 12:20, By: John, IP: [127.0.0.1]

L2: 72-t IRA rcalculationHe can swith to the Minimum Distribution Method – See Rev. Rul 2002-62, Section 2.03(b)
One-time change to required minimum distribution method. An individual who begins distributions in a year using either the fixed amortization method or the fixed annuitization method may in any subsequent year switch to the required minimum distribution method to determine the payment for the year of the switch and all subsequent years and the change in method will not be treated as a modification within the meaning of 72(t)(4). Once a change is made under this paragraph, the required minimum distribution method must be followed in all subsequent years. Any subsequent change will be a modification for purposes of 72(t)(4). 2003-12-12 12:35, By: Gfw, IP: [127.0.0.1]