Increase annuity amount

L1: Increase annuity amountThe purpose of Rev Rul 2002-62 is to allow decreases in annuity payments. I just want to confirm that the Rev Rul can also be used to increase the annuity payments if the FMV of the IRA has increased?2002-12-16 20:17, By: Marty, IP: [127.0.0.1]
L2: Increase annuity amountThe only change authorized by 2002-62 is a change to the Minimum Distribution method.
Using this method, a recalculation occurs each year typically based on the previous years ending account balance and the owner”s attained age in the year of the distribution. So intheory, if the account balance increases over the previous years balance and the owner is one year older, the payment would may increase.
2002-12-17 04:40, By: Gfw, IP: [127.0.0.1]