120% Rate

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L1: 120% RateFor a first distribution beginning in July 2005 is the 5.15% rate (or any lesser rate) acceptable since it was the published rate during one of the two preceding months? Or, am I not reading the rule correctly? 2005-06-13 13:53, By: Lefty, IP: [66.82.9.59]
L2: 120% RateYou seem to be reading it right – for first payment in either June or July 5.15% would be the max rate. You could also use any lower rate. However, if the distribution is higher that you want, consider dividing the IRA and only using the amount you need with the 5.15% rate. 2005-06-13 14:03, By: Gfw, IP: [172.16.1.71]