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Do I use my current age or my age in December

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Bytelcoguy

L1: Do I use my current age or my age in DecemberI am 52 and I am going to start a 72t in April 2010. My birthday is in August. I will be 53 years old in August 2010 . The Vanguard SEPP fixed amortization worksheet says: “You must use your age as of December 31 of the year for which you are calculating your SEPPs.”Based on the Vanguard document I think I should use an age of 53 which results in a life expectancy fdactor of 31.4 to calculate my SEPP.Is it correct to use age that I will become in the year that the SEPP is started?Thanks2010-01-20 17:36, By: telcoguy, IP: [72.75.193.182]
L2: Do I use my current age or my age in DecemberHere is what we have posted in our SEPP FAQ…Q. How is my age calculated? A. Your age would be your attained age as of your birthday in the calendar year in which the distributions commence. PLR 894604553 is right.2010-01-20 17:50, By: Gfw, IP: [216.80.125.206]

L2: Do I use my current age or my age in DecemberYou are interpreting it correctly. Use your age (in the formulas) that you will have attained on 12/31 of the year that you take first payment, so age 53 for you this year. KEN2010-01-20 17:50, By: Ken, IP: [71.192.120.143]

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