Fund allocation question for Badger and Gfw….

L1: Fund allocation question for Badger and Gfw….Badger,Gfw– This may be a dumb question but let’s assume this scenario:Someone has $1M in his IRA. In that $1M mix of funds are individual stocks, mutual funds, prime money market funds, etc. This person doesn’t want his SEPP monthly payouts to initially draw from let’s say his W. Buffett stock holdings. He’d rather have it deducted from one of his other fund holdings. In other words, he doesn’t want the SEPP administrator to sell his Buffett stock first but only sell it upon his instruction to do so.So, is it possible to direct the disbursing SEPP entity to specifically take the payouts out of only certain account holdings and not others?Thanks in advance.2002-03-09 19:44, By: endgame, IP: [127.0.0.1]
L2: RE: Fund allocation question for Badger and Gfw..Typically, a SEPP program will have several deferred asset accounts (IRAs, 401k’s, 403b’s, etc.) at its core. This is nothing unusual, its just that people tend to collect deferred accounts now days from multiple savings efforts & employers. At the outset of a SEPP program, it is incumbent for the taxpayer to designate which accounts are included (let’s call it a SEPP universe) and which accounts are excluded.Once started, the taxpayer is required to make $XXX in withdrawals from the set of accounts called the universe. However, the dollars withdrawn can come from one or more than one of the accounts so designated in any proportion that meets the taxpayers needs.TheBadger 2002-03-09 19:53, By: TheBadger, IP: [127.0.0.1]