End Date Calculator

L1: End Date CalculatorI put birth date (9-2-1948) and start date of 3-25-2003 in the calculator and it returned the 5 year period ends on 3-23-2008 and the first payment modification date of 3-24-2008. The note at the bottom says the first payment modification date is one day following the later of the end of the 5-year period or….
Why wouldn”t the 5 year period end on 3-24-2008 and first payment modification date be 3-25-2008 [the enddate plus one day equal 3-25-2008]…..I”m a little confused.
Thanks, Roger 2003-02-05 22:23, By: roger, IP: [127.0.0.1]

L2: End Date CalculatorIt”s that later of 5 years or age 59.5 – in your case, age 59.5 doesn”t occur until 3/29/2008 with the modification date 1 day later. The input/Output…

Attained Age on 1st Payment Date
55

5-Year Period Ends
3/21/2008

Date Age 59.5
3/28/2008

First Payment Modifiaton Date
3/29/2008

The “First Payment Modifiaton Date” is calculated as one day following the later of the end of the 5-year period, or the date you attain age 59.5 – this would be the first possible date to modify (increase, decrease, stop, etc.) the planned SEPP payments without busting the plan. 2003-02-06 04:14, By: Gfw, IP: [127.0.0.1]