Five Year End date for equal payments

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L1: Five Year End date for equal paymentsI have received 5 equal periodic annual payments from my qualified account, the most recent being 2/20/07 and the first being 2/20/03 (03,04,05,06,07). I am now age 60. I need to make another withdrawal this month to pay income tax and my accountant said that as long as I was over 59 1/2 that should not be a problem. Myfund manager said I would have to wait until 2/20/08 to clear 5 years. Can you clarify when I am safe to modify the equal periodic payments?
Many thanks
SHM2007-04-02 15:43, By: SHM, IP: [67.53.213.117]

L2: Five Year End date for equal paymentsSHM,
There is a calculator on this site just for your question. Go to SEPP PLANS (at top) , then choose CALCULATORS, then choose LAST PAYMENT DATE.
The general rule (if you are also over 59.5 yrs of age) is that you can”t take other payments from or add other money to the SEPP IRA account until after five years (and a few days for good measure) have passed since THE FIRST PAYMENT was ISSUED on your SEPP plan. Your fund manageris correct. BUT– Wait a few more days after 2/20/08 before taking that next payment. KEN
2007-04-02 15:54, By: Ken, IP: [151.199.44.76]