TEFRA 242(b) election

[FundeK]

Can anyone tell me what a RMD formula might look like for a participant with a TEFRA 242(b) election? Could the participant choose whatever formulat they wanted at the time of the election?

For example, 2004 distribution amount is based on 1/2 of the balance as of 12/31/02. Could that be possible?

[JanetM]

Not sure I understand your question. The Tefra election they signed 20+ years ago must have spelled out the event that triggered the distribution as well as the formula.

There was some discrection as to the formula.