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Last seen: May 29, 2022
Just a thought: "fulfill your retirement dream"
Tracy and dlzallestaxes, thank you so very much for seeing this through!! I've been anxiously awaiting this guidance to see how it would relate to pre...
NHP920, Tracy was spot on. When I looked at your numbers, I was using the new life expectancy tables for 2022. Sorry for the confusion... So, roun...
Hello NHP 920... I'm pretty sure you're okay to round down to 807,399.00 for your SEPP plan starting balance. As for rounding the distribution, I wou...
Thank you very much for clearing that up for me. Your input in this forum is priceless!!
Hi Tracy, here's my specifics: Date of Birth: 1/30/1967 Current age: 54 72t Method: Amortization 72t Distribution Start Date: 7/12/2019 Life ...
Tracy, thank you for clearing that up for me! I was contemplating not taking a distribution at all during the year I turn 59 1/2. My 'first modificati...
Hello Mike C, I've had this same question in recent past and it was answered by one of the (IMO) experts on this site who provides excellent guidanc...
Michael, I apologize as I've mistaken the point you are raising. I see what you're saying with the account balance/annual distribution ratio and how ...
Hello Michael, I think you might be misunderstanding the rules on which interest rate to be used. It's not 1.20% of the account balance, it's 120% ...
@livingthedream, I agree with you that it's unlikely for existing plans to require changing. I also agree that it would make much more sense as you'v...
@dlzallestaxesmsn-com, thank you for pointing that out. I'll give that a thorough review as well. As you've stated in your earlier post, we'll just ...
@mcc637, thank you for your time and effort you're putting in to keep us all updated on this important topic. I have specific interest with the new IR...
@mcc637, thank you for your time and effort you're putting in to keep us all updated on this important topic. I have specific interest with the new IR...
Thanks to both of you for responding. I've followed the link provided and reviewed the IRS 'final regulation', which became effective on November 12,...
Thank you again. I am most appreciative of your time and I will keep watch for any additional replies to this post. - T
Good day all, I realize it's still early and no solid guidance has been issued by the IRS concerning previously established SEPP plans. However, I'd ...
RP: Congratulations on your early retirement! I was reading your post and in your intro you show that you're using an AFR of 3%. The fed midterm ra...
Steltek, thanks for taking the time to reply to my post.
Correction to my post: I will turn 59 1/2 on July 30 2026. Do I need to take an annual distribution in 2026, which is the year I turn 59 1/2. S...