SEPP Change from Amortization to Minimum Distribut

L1: SEPP Change from Amortization to Minimum DistributI have been taking my 72 (t) SEPP fixed amortization basis withdrawal in December of each year for the past 5 years and would like to change to the minimum distribution method for this year’s December withdrawal. I started the SEPP at age 52 and I have 2 more December withdrawals to make; for 2005 and 2006. I will turn 59 -1/2 before December 2007 so I will likely not take a withdrawal then. I have the following questions about this one time SEPP change (under Ruling 2002-62):
1.Should I use my end-of-year 2004 IRA account balance as the basis for the minimum distribution calc for my Dec 2005 withdrawal or is using my Nov 2005 IRA account balance ok?2.If so, would I then re-calculate the SEPP withdrawal for Dec 2006 based on the end of year 2005 IRA account balance or the Nov 2006 balance?3.For the age entry in the calculator for this year, would I use my age at end-of-year 2004 or Dec 2005?4.In that same calculation, would I use the end-of-year 2004 interest rate, the projected Dec 2005 interest rate or something else?5.What does the Use Joint Calculations۝ selection on the 72(t) calculator mean (yes or no choice)?
Thanks2005-04-24 18:40, By: Dick, IP: [67.174.245.90]

L2: SEPP Change from Amortization to Minimum DistributHello Dick:
Answers as follows:
1. Yes; No.
2. Yes, No.
3. No, Yes.
4. Neither, there is no interest rate assumprion in the RMD method.
5. Ues single.
TheBadger
wjstecker@wispertel.net
2005-04-24 21:21, By: TheBadger, IP: [66.250.23.21]