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Recalculation questions – 5 yr rule

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ByBrian

L1: Recalculation questions – 5 yr rule I have a client couple who started72t plans just over 2 years ago. They were both age 58 then, now age 60. They now wish to recalculate one time under the new rules. I need to verify that the 5 year rule does not reset for this couple. In other words, they are 3 years out from fulfilling this requirement. I ***ume this will not change if they go ahead with a recalculation to the MD method. Another question I have is with a recalculation do we use the current mid point interest rate or the one from the beginning of the plan? In this case 2 years ago.
Thanks,
Brian2003-10-09 17:24, By: Brian, IP: [127.0.0.1]

L2: Recalculation questions – 5 yr rule Doing a one time change to the Minimum Distribution method will not extend the 5-year time period.
The Minimum Distribution method doesn’t use an interest rate in the calculations – it’s 100% based on life expectancy.2003-10-09 17:30, By: Gfw, IP: [127.0.0.1]

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