Starting SEP later than January

L1: Starting SEP later than January
What happens if I start a SEP in a month other than January, choosing a monthly distribution schedule.
Let’s say I start distribution in March. I calculate the annual amount, and divide by 12 to get the monthly amount. But at the end of the first calendar year, I will have made only 10 payments, so the annual amount paid in the first calendar year is
less than the annual amount that I calculated.
Is this permissable, given that this is the first year of the distributions?
2012-01-10 12:29, By: Scott Bar, IP: [204.96.170.173]

L2: Starting SEP later than January
You can take either the annual amount or the prorated amount for the number of month the plan existed. The plan start date is the date of the first distribution.
Based on your last 2 questions, I suggest that you spend some time reading before implementing your plan. Start with our
Planning Pointers and then browse the
FAQ.

2012-01-10 12:37, By: Gfw, IP: [205.178.73.77]

L3: Starting SEP later than January
Ok, thank you. I will go through the FAQ and planning pointers again. This is a completey new topic for me, so my questions may be to simple or basic.
2012-01-10 18:11, By: Scott Bar, IP: [204.96.170.173]