maximum interest rate for Aug 2017
L1: maximum interest rate for Aug 2017Hello
What is the highest interest rate I can use for Aug of 2017? I plan on retiring in October and it looks like Aug will have the higher interest rate. The IRS published rate is 2.34% but this website shows 2.35%.
2017-07-31 19:24, By: JoeM, IP: [126.96.36.199]
L2: maximum interest rate for Aug 20172.35 is the highest of the June or July rates, so can be used for an August 72t start. A plan started in Sept has a max rate of 2.34. October could be higher if the Sept rate increases. Remember that the allowed rate is the higher of the rates for the prior 2 months. Click on the interest rate tab at the top right.2017-07-31 19:36, By: Alan S, IP: [188.8.131.52]