reasonable interest rate

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L1: reasonable interest rateYou may use any interest rate that is not more than 120% of the federal mid-term rate published in IRS revenue rulings for either of the two months immediately before distributions begin

What does “either” mean? does it mean both?

GJN2011-06-18 22:53, By: gjn, IP: []

L2: reasonable interest rate”Either” means that you cannot exceed the higher of those two rates.
Since the first month of the two drops off a month before the second month, you have planning opportunities. If the second month is higher, you effectively have an extra month to plan and still use that higher rate.2011-06-18 23:54, By: Alan S., IP: []

L2: reasonable interest rateThanks Alan!

GJN2011-06-19 00:20, By: gjn, IP: []