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What balance start date to use

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ByMike

L1: What balance start date to use
Hi. I rolled my company 401K to an Ameritrade IRA and the first day the money showed up in the IRA was Feb. 15, 2006. Can I start my 72T (Amortization Method) using this date or must I use the previous 401k Dec. 31 balance?
Also, from your wonderful site information and your book I believe I can use either the5.23 % rate you published for for Feb 1, 2006 or the 5.32 % rate from 1/1/06 if I start my 72T this month (March).
Thanks for your help…Mike2006-03-10 16:16, By: Mike, IP: [205.188.116.8]

L2: What balance start date to useUse the actual published rates, not the estimates. 5.39% for January is the highest rate for March SEPP use.
As for the beginning balance, there is some flexibility in determining what is “reasonable.” However, since the 401k is not part of your SEPP universe and could have been distributed in different directions, I think it is better to use the initial IRA balance as soon as the rollovers are complete. The IRA is the actual SEPP account, not the account that funded it. There have been some cases where a dividend of other late portion of the account arrives after the initial transfer and changes the beginning balance. So try to be sure the rollover is complete and use the initial balance upon rollover completion.2006-03-10 22:23, By: Alan S., IP: [24.116.165.157]

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