One Time Change To Minimum

L1: One Time Change To MinimumIf you make the one time change in the middle of the year to the minimum amount, can you take out that new amount during the remainder of the year or do you have to pro rate it accoring to how many months are left? Do you have to take into consideration what you had taken out already year to date? Finally, can you just use prior months value or end of year?2005-05-02 13:58, By: Andy, IP: [69.53.78.183]
L2: One Time Change To MinimumIf you switch mid-year, the amount for the year is the amount for the year’. Do the calculation for the MD method and then compare to what you have already taken.
If you have taken less than the amount calculated using the MD method, merely take the difference. If you have taken more, you may want to wait until next year to make the change.
Bill may offer a slightly different opinion.2005-05-02 16:25, By: Gfw, IP: [172.16.1.70]