Three queries – I don’t see them already addressed

L1: Three queries – I don’t see them already addressedI can’t find these questions previously addressed on this truly helpful site. (1) Can I roll money over from an unincluded IRA or other qualified plan into an included IRA while a series of SEPP payments is in effect? For example, if things go badly with the investments in the included IRA and I need to add funds to the included IRA to avoid busting the SEPP arrangement? I don’t expect this, but it would be nice to know up front that this could be done.(2) Can you take small allowable “exception” distributions for tuition, medical expenses, medical insurance, etc., from the included IRA without thereby busting the SEPP arrangement? If you have an unincluded IRA or other account would you recommend getting the distribution from the unincluded account? (3) If I begin a SEPP arrangement in September, can I freely choose either to take a whole calendar year’s distribution in 2002, or am I obligated to go with a reduced monthly allocation of some sort for the first year? One of the posts got an answer that seemed to imply something other than a calendar year basis for annual total SEPP distributions if you started in mid-year. That frankly just about floored me! 2002-06-19 23:09, By: dougec, IP: [127.0.0.1]
L2: Three queries – I don’t see them already addressed(1) No.(2) No from the SEPP. Yes from the other IRA.(3) If the plan calls for an annual distribution, you would take the 1st annual distribution in September and the subsequent distributions in September of each following year. If the plan calls for monthly distributions, you could take 1/12 of the annual on a monthly basis beginning in September and each month that follows.2002-06-20 04:23, By: Gfw, IP: [127.0.0.1]

L2: Three queries – I don’t see them already addressedI fundamentally agree with Gfw’s responses; however, being a little more aggressive; my responses would be:(1) No.(2) Unknown. If I had need to make use of other exceptions; e.g. medical expenses, I would certainly make those withdrawals from another, unincluded IRA. If backed into a corner, I would, based on the economics involved, obtain a PLR in order to take two types of withdrawals from the same IRA. At the moment there is no authority on this issue; rather, it at least partially defies common sense.(3) Yes. There are numerous PLRs establishing the concept of a “stub period” such that it would not be problematic to design a plan which withdraws a prorata portion of the annual amount during the 1st year only followed by full annual amounts commencing in year 2.TheBadgerwjstecker@wispertel.net 2002-06-20 08:03, By: TheBadger, IP: [127.0.0.1]