Private letter ruling

L1: Private letter ruling The mid-term interest is generally speaking at its historic low…around 1.40%. I’ve been told by a CFA that I can use another reasonable interest rate for computing substancially equal payments for a five year period via a “private letter ruling”, however can not locate IRC to support the advise. Do we know of any such ruling? It’s an important consideration becausethe present mid-term interest rate is penalizes substancially the amount that may be withdrawn.
2012-03-30 13:47, By: dgp, IP: [24.95.61.14]

L2: Private letter ruling dgp…
First bit of advice, you may want to find a new CFA – or perhaps, have him/her cover the cost of the PLR (Private Letter Ruling) if you don’t get a favorable response form the IRS.
A PLR could cost you in the range of $10,000 to $12,000 and there have been no PLRs issued by the IRS allowing any interest rate that doesn’t comply with Revenue Ruling 2002-62.
Also remember that a SEPP must last for the later of age 59.5 or 5 years.2012-03-30 13:55, By: Gfw, IP: [205.178.73.77]