Plan change

L1: Plan changeI started SEPP withdrawals on 2 of my 3 IRA”S in 2001 drawing 40k from one and 20k from the other. In 2002 I continued the 40-k withdrawal on IRA 1 account as this account generates over 40k annually in interest and dividends but I am going to go to the MDM on IRA 2 as its value has depriciated and I dont need the money.My plan is to use my 11/30/02 balance on IRA 2to determine my 2002 MDM amount from IRA 2. My question is do you see any problems with this approach and secondly when I use your calculator do I leave the settings as you have them?. The settings in place have “yes” for METHODS #1 &2…followed by annuity 2003 for Mortality Table-method 3 with next 4 settings being yes-no-no and under method to illustrate I have Min Dist.Thank you for your help.2002-12-03 21:13, By: ED, IP: [127.0.0.1]
L2: Plan change
If indeed you have two separate SEPP plans established, there should be no problem with moving in the direction you are indicating.
However, if the plan were really only a single plan, then it”s an all or nothing type move. If the plans have a common start date, use the same (interest & mortality) assumptions, and were combined for the initial distribution calculations, then they are one plan.
On the other hand, if you can document that they are two plans either because you have different start dates, different assumptions or even better written documentation for each plan, then they should be considered as separate plans.2002-12-04 05:48, By: Gfw, IP: [127.0.0.1]