New Sepp Plan – Am i missing anything here?

L1: New Sepp Plan – Am i missing anything here?Owner Born – 9/8/62. Plan age-56. Plan Account value – 910,000.
SEPP Interest rate – 2.33%. 1st Dist. Date – 1/8/18. Age 59.5 – 3/8/22
5 year date – 1/8/23. 1st mod date – 1/9/23.
Amortization Method SEPP Pmnt – 43.836.37 annually/ 3653.03 a month/12 months.
A couple of quick questions for a new plan:
1) In year 5 of plan do I have to take a full annual payment to be complete and not bust the plan, or just 1/8/23 monthly payment and then good to go from there?
2) Is there anything else I am missing or is incomplete?2017-09-20 16:17, By: KVSPRAGU, IP: [63.142.159.46]

L2: New Sepp Plan – Am i missing anything here?The interest rate will of course be subject to change based on your planned 1/8/18 initial distribution date.
On a 5 year plan, you must take the equivalent of 5 annual payments to complete the plan, or if using monthly distributions 5 x 12 or 60 monthly distributions. If on 1/8/2023…
… you have taken 59 distributions, then only the final 60th distribution would need to be taken.
or
… you have taken 60 distributions the 5 year plan would be complete.
Hope this helps.
2017-09-20 17:03, By: Gfw, IP: [216.80.120.234]

L3: New Sepp Plan – Am i missing anything here?Thank you,
I have read almost everything I can here, just wanted to clear that up,
Thanks again2017-09-20 18:39, By: kvspragu, IP: [63.142.159.46]