RayJJohnsonJr Posted October 1 Share Posted October 1 How is the maximum Defined Benefit calculated for older NRA's like ages NRA 70 or NRA 85? Thank you, Rene Link to comment Share on other sites More sharing options...
C. B. Zeller Posted October 1 Share Posted October 1 The 415(b) dollar limit is adjusted for benefit commencement dates later than age 65 using the 417(e) applicable mortality table and 5% interest. Note that the 100% of compensation limit is not adjusted. So by 85 (much earlier than that, in fact) the compensation limit will be lower than the adjusted dollar limit and will control. Lou S. 1 Free advice is worth what you paid for it. Do not rely on the information provided in this post for any purpose, including (but not limited to): tax planning, compliance with ERISA or the IRC, investing or other forms of fortune-telling, bird identification, relationship advice, or spiritual guidance. Corey B. Zeller, MSEA, CPC, QPA, QKA Preferred Pension Planning Corp.corey@pppc.co Link to comment Share on other sites More sharing options...
RayJJohnsonJr Posted October 1 Author Share Posted October 1 Thank you, C. B. Zeller. Much appreciated. Link to comment Share on other sites More sharing options...
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