Interest Rate for SEPP beginning in July

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L1: Interest Rate for SEPP beginning in JulyJust want to make sure I am interpreting the following correctly:
Revenue Ruling 2002-62 and Qualified SEPP Plans post 12/31/2002: The interest rate that may be used is any interest rate that is not more than 120 percent of the federal mid-term rate for either of the two months immediately preceding the month in which the distribution begins.
If I take my first SEPP distribution in July, do I choose from either the June (2.35%) or July (2.27%) rate, or the May (2.45%) or June rate? I’d liketo usethe highest allowable rate.2017-07-08 15:22, By: MRMCA, IP: [68.37.36.192]

L2: Interest Rate for SEPP beginning in JulyFrom our interest rate page…
Maximum SEPP Interest Rates
The maximum interest rates where the initial plan distribution occurs during the following time periods are:07/01/2017 – 07/31/2017:2.45%2017-07-08 18:19, By: Gfw, IP: [216.80.120.234]

L3: Interest Rate for SEPP beginning in JulyOK, thanks. I noticed that after posting. Looks like the rates from either May and June could be used for an initial distribution in July. I will use the May rate since it is the highest. Just curious — could the July rate be used or is it limited to the prior two months only?2017-07-08 18:43, By: MRMCA, IP: [68.37.36.192]

L4: Interest Rate for SEPP beginning in JulyJust curious — could the July rate be used
No.2017-07-08 21:08, By: Gfw, IP: [216.80.120.234]

L5: Interest Rate for SEPP beginning in JulyThe July rate is 2.27, and do not know why you want to use a lower rate. But since the May and June rates are higher and you can use a lower rate if you wish, you could actually use 2.27 but it would not be considered the July rate. It would be the rate of the prior months reduced which would reduce your SEPP calculation.
Normally, if your IRA account has a balance that yields a higher SEPP distribution than you want distributed after planning for inflation and contingencies, you would partition that IRA into the IRA to be used for the SEPP, and another IRA outside the SEPP for emergency needs. That would provide you with insurance against busting your plan.2017-07-09 00:06, By: Alan S, IP: [174.126.90.174]

L6: Interest Rate for SEPP beginning in JulyGreat, thanks for clarifying.
I do not wish to use a lower rate, just wanted toverifywhich months were includedfor future reference. I have a couple other IRAs and maydecide to pursue another 72(t) down the road.2017-07-09 01:13, By: MRMCA, IP: [68.37.36.192]