To the tune of Sgt. Pepper's Lonely Hearts Club Band

It was 20 years ago today
When Congress had to have a say
That they really don't like single pay
So they want to make it go away
They voted on TAMRA back then, so we're celebrating it today
It's seven-seven-zero-two-cap-A

It's seven-seven-zero-two-cap-A
Where MEC rules are all codified
Seven-seven-zero-two-cap-A
Who knew endowments could be modified?
Seven-seven-zero, Seven-seven-zero
Seven-seven-zero-two-cap-A

Watch out when taking income
The tax rules have been bent
Withdrawals can be taxable and loans plus ten percent

So when know all the facts
You can't avoid the excise tax
Unless you hold the policy
Death benefits are tax-free
Pay attention to the seven pay and don't change it in any way
It's seven-seven-zero-two-cap-A

Very cute!

Does Tom Poje have some competition ?!??!!

Its like pension knowledge
I'm easily blown away by the competetion.

What is really sad, I am working on adding Jamaica Farewell to my "CD" Pension Songs in American History which will give me the following
1 Old MacDonald (had a plan)
2 Sittin' in a four-oh-one - kay Otis Redding
3 Hello D-B Louis Armstrong
4 What a Wonderful World Louis Armstrong
5 What a Wonderful World Sam Cooke
6 Cats in the Cradle Harry Chapin
7 A D-B Dbeatles
8 Yesterday Dbeatles
9 Return to Sender Elvis
10 Wise Men Know Elvis
11 Are You a Poor One Tonight Elvis
12 Jamaica Farewell Various Artists

I've got a few other things I've written I may post from time to time. I just couldn't let the 20th anniversary of MEC rules go without some sort of celebration, and the song wrote itself. Anybody who thinks that makes sense has been in this industry way too long and needs to get a life as much as I do!