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This year”s annual amount under 2002-62

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ByBob

L1: This year”s annual amount under 2002-62Had Hartford recalculate my 72t (2002-62) effective 6/1/2005. They came up with the same amount as the calculator on this site.Was recieving $5,257.97 mo ($63,095.64 yr) starting in June will receive $2,488.42 mo ($29,861.04 yr). My question- I’ve already received 5 distributions totaling $26,289.85 and at the new amount of $2,488.42 my distributions for this year will be neither of the two but a combination, is this correct ? Thanks!2005-06-08 05:06, By: Bob, IP: [4.136.201.225]
L2: This year””s annual amount under 2002-62If you are making the change in 2005, then the total distriubution from your SEPP for 2005 should be limited to the $29,861.04 (or 12 times the new monthly amount 2,488.42)-it really isn’t a combination of the two different calculations.
Based on my math, any additional distributions for 2005 should be limited to a total amount of $2,476.42 (+ 26,289.85 = 29,861.04 max for 2005)
2005-06-08 05:54, By: Gfw, IP: [172.16.7.101]

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