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Last payment question

Posted
Last Updated On
ByReg

L1: Last payment question:

Attained Age on 1st Payment Date

55

5-Year Period Ends

1/15/2013

Date Age 59.5

7/4/2012

First Payment Modification Date

1/16/2013

I turned 55 on the 4th day of this month and took my first distribution on the 16th of this month. Using the “final payment” calculator reveals the data above. Question: Must my last distribution (under the SEPP parameters) take place December 2012 or January 2013?2008-01-17 17:16, By: Reg, IP: [74.136.102.241]

L2: Last payment question:Reg,
As long as you have taken 5 full years of distributions which you should have done through December, 2012, you have reached your plan modification date. Do not take a 2013 distribution until after 1/15/2013 when you can distribute as little or as much as you wish.2008-01-17 19:11, By: Alan S., IP: [24.116.165.60]

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