How Can We Help?
< Back
You are here:
Print

Month for Interest Rate

Posted
Last Updated On
Byrich

L1: Month for Interest RateI turned 55 in Dec. 2001 and will begin taking annual SEPP distributions in Jan. 2002. Calculations will be based upon account balance as of Dec. 31, 2001. Using an interest rate of 120% of long term rates, should I use the Dec. figure of 6.08 or should I use the Jan. figure of 6.57?2002-01-08 10:21, By: Rich, IP: [127.0.0.1]
L2: RE: Month for Interest RateBased on your message, you will actually be 56 in the year that you start the plan, not 55 – I would use the January date.2002-01-08 14:41, By: Gfw, IP: [127.0.0.1]

L2: RE: Month for Interest RateJust clarifying Rich’ question, Gfr… you meant the January Rate v. Date, correct? It’s close on the keyboard so I assumed a typo :-).I’m in the same boat as Rich. So to summarize, we use the 12/31/01 Account Balance, our 2002 Attained Age, and the January 2002 LTFR (or percent thereof).Do I have it right?Thanks much,John2002-01-09 15:07, By: John, IP: [127.0.0.1]

L2: RE: Month for Interest RateYou are indeed right. I meant the January Rate! :~}2002-01-09 15:14, By: Gfw, IP: [127.0.0.1]

Table of Contents