RLR Posted April 11, 2012 Posted April 11, 2012 Does PPA require lump sum calculations for 417(e) to use age as completed years and months at the date of distribution or is that just for 415 calculations?
Effen Posted April 12, 2012 Posted April 12, 2012 I say years, months, and days for both calculations. Never understood people who argue 417(e) calcs. should not be done to the day, but their calcs are not my issue. Although I suppose as long as you round everything up, you are ok. The material provided and the opinions expressed in this post are for general informational purposes only and should not be used or relied upon as the basis for any action or inaction. You should obtain appropriate tax, legal, or other professional advice.
John Feldt ERPA CPC QPA Posted April 12, 2012 Posted April 12, 2012 The plan document may say something about that - I'd check there first.
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now