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changes

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Bygrendalin

L1: changessuppose after a few years in your 72t,,,that you have done very well investing the cash in your ira 72t account,,
can you go back and increase the amount of the withdrawls to reflect the higher ballance? or are you stuck with the original withdrawl amount2003-02-01 11:57, By: grendalin, IP: [127.0.0.1]

L2: changesHello grendalin:
Generally speaking, you can not modify or change the distribution amount of an existing, running SEPP program before 5 yrs or age 59 1/2. However, there is an unexpected benefit in RR 2002-62 in that just about anyone can make the one-time election to switch to the RMD method at a time of their chosing. If you have been astute & I suppose lucky that your IRA balance is materially higher today than 3 – 4 years ago, it is mathematically possible to switch to the RMD method and actually compute a higher distribution.
TheBadger
wjstecker@wispertel.net

2003-02-01 12:15, By: TheBadger, IP: [127.0.0.1]

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