Equal periodic Payments - payments - monthly or annually

[Guest jgarner]

1) A retirement distribution has been calculated using the fixed amortization method which provides for an equal payment amount each year. Can the timing of the distribution be changed to where one year they receive a lump sum of the entire amount and then the next year, they receive 12 monthly payments and the next year they receive 1/2 of the distribution in a lump sum and the beginning of the year and the remaining monthly - as long as the amount distributed during the year does not change?

2) Is the year used for calculating the required distribution always the calendar year or is it changed to the actual retirement date month?

[Appleby]

Yes to # 1

To # 2… individuals have been allowed to operate the SEPP on a calendar year. I recall some recent discussion on the issue that may change that- not sure. Best bet, post your question on the message board at www.73t.net…look for answer from TheBadger and Gfw….they are the experts

[Appleby]

I just checked www.72t.net. Site appears to be down- if it still is when you try, then using the link at http://72t.net/Discussion/ViewPosts.aspx