Ammoritization method, off 8 cents annually with monthly distort.

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L1: Ammoritization method, off 8 cents annually with monthly distort. SEPP started in March this year. My birthday is 12/24/1962. I set up the SEPP and have my bank processing monthly distributions and taking out federal and state taxes. My total in monthly distributions can not come out to the exact amount of annual payments. Currently it will be 8 cents off each full year. Is this something I should worry about or not? I thought about making a one month change at the bank for the few cents but wondered if it really makes a difference.
I went with this method so I never have to make a change in the amount therefor making it easy to show I did the same amount each year. Please let me know if the 8 cents is something I should worry about or not. Thanks, Wally2017-04-09 15:05, By: Lamopar, IP: [70.210.131.208]

L2: Ammoritization method, off 8 cents annually with monthly distort. Do not worry about an annual difference this small. It will not be a problem. Also, it is best that your monthly distribution be done between the 5th and 20th of each month. Stay away from distributions in the other days because it can result in a costly error at the end of the year. If too late in the month and December does not get done due to Holidays and weekends your annual distribution will be short in one year and too much in the next year. And if too early in the month, there are have been reports of custodian’s issuing the January distribution in December to prevent it from being late due to Holidays or weekends.2017-04-10 00:15, By: Alan S, IP: [174.126.90.174]

L3: Ammoritization method, off 8 cents annually with monthly distort. Thank you for the information. My distribution date is the 8th of the month so I have time to make any changes needed. I am 8 cents short each month not over. It’s good to hear that 8 cents should not be a problem.2017-04-11 13:28, By: lamopar, IP: [173.202.209.187]

L2: Ammoritization method, off 8 cents annually with monthly distort. If you want to err on the side of caution, I would suggest taking one cent less per month for all payments, and end up 4 cents below the annual total, IFyou are saying that you are going to end up each year at 8 cents over. If you are 8 cents below the annual total, that should be fine, since you can take a fixed annual amount that is less than the max amount allowed by the formula using the proper rate they publish for your starting period, but you should not take more. This translates into your desired Int rate for the formula that computes the annual withdrawal being lower than the max Int rate allowed. 2017-04-10 03:57, By: Ken, IP: [173.48.159.59]