date change in dist

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L1: date change in distThis seems like a costly thing to make a mistake on, so I am sure I am being overly cautious, but if the annual distribution is taken in Nov, for the past 4 years, and I want to change it this year to July, is this considered a change in distribution? I would think this is a tax year calculation and not an anniversary date of last payment calculation.2010-06-04 21:21, By: lidna, IP: []
L2: date change in distLinda? They (IRS) would only check to see what you took as a gross total (using your 1099-R info) withdrawal for each calendar year, and don’t care when you get it in the year. I would suggest changing to monthly payments. I was on semi-annual (March and Sept in 2006 and 2007, then went to monthly in JAN 2008, and would never go back. You could ask for 7 (months worthof) payments in July, and monthly thereafter. Make sure the total is the same as what you were taking in annual payment. If you do it, set it up for payment between 5th and 15th of the month, so you have time in DEC to fix any payment errors by taking more, or putting back some before 12/31/YY. KEN2010-06-04 23:37, By: Ken, IP: []

L3: date change in distI agree with Ken, BUT if you do not even want to mess with changes and automatic payments, just take your distribution in July for the entire year, no problem.Be sure you know when your plan ends (ie. plan modification date), particularly in the event your turn 59.5 this year. In your final year, you have various options on how much to take prior to the modification date. After that date you can take any amount you wish, or nothing.If you started this plan prior to age 55, you would have additional full calendar years to go, and in those years you can take your annual distribution any time you wish or in any number of installments you wish.2010-06-05 01:29, By: Alan S., IP: []