Possible IRS RR, When is recalculation allowed?

L1: Possible IRS RR, When is recalculation allowed?I, like many of the posts I see, am waiting to see if the IRS will issue a RR or Notice this year to clarify what if anything we can do. My situation is very close to what JAH posted yesterday. I started SEPP’s in January 2000. I used the amortization method. My percent of the applicable long term rate was 88.5947%. I saw a lot of discussion about a week ago regarding annual recalculations. Does it have to be annual or can it be periodic such as every 2 years. I guess what I am trying to understand is what is the difference between recalculating using the same methodology I used 2 years ago (understanding that the account value, the applicable long term rate, and my life expectancy factor would be different now) and busting the SEPP? Does the fact that I did not recalculate after the first year of withdrawals preclude me from instituting recalculations now or in the future, absent a new RR or Notice. My SEPP, fortunately, is not going to go broke before I’m 59.5 so it does not make sense to pay all the penalties. What we are trying to do is cut living expenses and put as much as possible into after tax savings vehicles. Sorry to mix my questions with opinion.2002-09-05 13:43, By: CEF, IP: [127.0.0.1]
L2: Possible IRS RR, When is recalculation allowed?The recalculation method would have had to have been outlined and detailed before the plan commenced. After the fact, it would constitute a change and probably result in a busted plan.The main benefit of a SEPP that uses an annual recalculation is that it is almost impossible for the plan to run out of money.Keep watching, hopefully the IRS will act soon.2002-09-05 13:59, By: Gfw, IP: [127.0.0.1]