Is monthly payment fixed for entire 5 years? or is it recalculated every year?

L1: Is monthly payment fixed for entire 5 years? or is it recalculated every year?I am planning on starting a 72T in January 2013.
I need the largest possible payment and understand that Single Life Expectancy gives best payment. I also understand that the rate to be used has to be the lower of Nov 12 & Dec 12 120% Fed Mid Term rate and that the account balance should be based on the 6 months preceding Jan 2013.
Finally I understand I will not be using the Required Minimum Distribution Method as that provides the lowest payment. The other issue with this method is that the payment is re-calculated each year.
Which of the other 2 methods (fixed amortization or fixed annuitization) should I use if I need the payments to be fixed for the 5 year duration to protect against further drops in the rate?
2012-09-13 21:59, By: XO, IP: [68.225.251.251]

L2: Is monthly payment fixed for entire 5 years? or is it recalculated every year?I suggest that you start by giving us your date of birth, the highest end of month balance in your account for July and August (to start with), if it is an IRA or 401-K/403-b, about how much you need/month, and in general the reason for your need (in case another exception will apply).2012-09-14 00:05, By: dlzallestaxes, IP: [173.62.190.86]

L3: Is monthly payment fixed for entire 5 years? or is it recalculated every year?The amortization method and annuitization each provide a fixed dollar amount. The amortization method provides slightly more, but not by much.2012-09-14 03:28, By: Alan S, IP: [24.116.67.233]

L4: Is monthly payment fixed for entire 5 years? or is it recalculated every year?XO- To maximize the payments, you should choose the higher interest rate from Nov or Dec 2012(one ofthe 2 months preceding the actual month of the first payment in Jan 2013). You do not need to choose the lower one. Once you do the calculation (Amortization yields highest result) you keep using that amount for each calendar year, by simply choosingtodo no annualrecalculations for your SEPP amount
Ken2012-09-14 03:57, By: Ken, IP: [100.0.32.145]

L5: Is monthly payment fixed for entire 5 years? or is it recalculated every year?If you are intent on getting the highest amount possible, then you might be more susceptible to busting your plan in case you run into an emergency before the 5 years is up. That is why it often makes sense to not use all of you IRA balance to be part of your “SEPP Universe”.
By setting aside $ x, then that would be available to supplement your annual distribution at any time(s) that additional money is needed, and you only pay a 10% penalty on the amount btaken when needed. If you bust a SEPP plan, you will owe the penalty of 10% on the cumulative total of all distributions taken from inception, even if it happens near the end of the 5th year.
Depending upon your tax bracket for 2012, it might be advisable to take a full distribution in 2012, or a prorated amount, and use that extra money as a buffer for future years. You should do some TAX PLANNING before you do anything.2012-09-14 04:09, By: dlzallestaxes, IP: [173.62.190.86]

L5: Is monthly payment fixed for entire 5 years? or is it recalculated every year?Thank you all for your responses. They provided the answers I was looking for.2012-09-17 21:35, By: XO, IP: [68.225.251.251]