72(t) Discussion Forum

By: Mike 2010-06-22 01:55 Views: 89 Replies: 3 Last: 5 Hours ago... IP: 72.219.253.31

View Details    SEPP/Roth Conversion,   Thank you so much for this site. My DOB is 12/28/1950 and my first 72t SEEP distribution was made 5/8/2006 with four more annual didtributions each year after that. Is there any chance that I would be able to convert funds from this IRA account this year to a Roth IRA to take advantage of the 2010 income rules and the ability to spread taxes due ov ...

By: Corporate Orphan 2010-07-27 22:25 Views: 53 Replies: 3 Last: 2010-07-28 14:50 IP: 70.130.196.34

View Details    SEPP Calculations,   My husband and I are planning to set up a SEPP at Vanguard in August so we can use the June interest.  We know the amount we need and are going to use the lump sum from my pension and add some funds from my existing IRA to get it.  We feel the calculations are pretty straight forward (my husband is a CPA) but would like a couple of cla ...

By: Sylvia 2010-07-21 18:14 Views: 162 Replies: 7 Last: 2010-07-24 18:27 IP: 97.119.135.58

View Details    Choosing Distribution Method,   I'm looking at a 72t and trying to understand why I would choose one method over the other beyond ease of calculation/recalculation and payment size.  I find the annutization and amortization play out about the same for me in terms of payout.  Any pointers folks can provide on things to consider?  I'll likely be working withy a tax ...

By: Dick 2010-07-24 14:52 Views: 46 Replies: 1 Last: 2010-07-24 15:29 IP: 24.236.208.189

View Details    withdrawl amounts,    I am trying to set up a 72t systematic withdrawal from a 403b contract for a 51 year old client (who has separated from service) with a major insurance company, and they are suggesting that the calculated amount (annuity factor method) is but the upper limit on a "range" of possibilities; i.e. "you need to pick a number at, or below, the ...

By: Lone Wolf 2010-06-28 15:23 Views: 340 Replies: 12 Last: 2010-07-21 17:09 IP: 71.63.109.206

View Details    72T,   Your website cautiously but clearly recommends using a specialist of some kind to make the 72T calculations for me.  I have learned a lot about what I am trying to set up but I realize, in order to avoid costly errors, I need assistance.   I have tried unsuccessfully to find someone who offers this service!  My IRA i ...

By: Gfw 2010-07-20 11:51 Views: 69 Replies: 2 Last: 2010-07-20 18:55 IP: 24.148.10.164

View Details    August AFR,   August, 2010... 120% Mid-Term = 2.62%, Applicable Federal Rates for 72(t) and 72(q) distributions. Click HERE ...

By: Gfw 2010-07-20 13:30 Views: 64 Replies: 2 Last: 2010-07-20 14:53 IP: 24.148.10.164

View Details    To Stew Corman from sunny Endicott,   Stew Corman from sunny Endicott... We do not endorse or allow postings to endorse specific investments - your post was deleted. ...

By: ravit 2010-07-11 19:13 Views: 179 Replies: 10 Last: 2010-07-20 13:19 IP: 24.154.193.220

View Details    72t investments,   After I base a 72t distribution from a sum of money (total amount in the IRA), can I then use some of that money to purchase investments like annuities to provide income to the IRA, to offset the withdrawals, within the IRA vehicle? ...

By: Greg Knoll 2010-07-13 23:12 Views: 260 Replies: 16 Last: 2010-07-19 14:25 IP: 98.109.202.34

View Details    Is this withdrawal amount okay?,   I may be buying a gmib variable annuity that allows me to withdraw 5% annualy. That 5% equates to $31,250. The reasonable interest rate for a distribution in Sept.is 2.83%. Using that interest rate my withdrawal maximum appears to be $30,304 yet the agent says the difference is minimal and withdrawing the $31,250 will be fine. Is it fine? ...

By: wyzzy 2010-06-29 20:05 Views: 262 Replies: 13 Last: 2010-07-18 02:37 IP: 24.43.6.233

View Details    72t,   If I am turning 55 anytime during year 2011 and separated from work at age 54 or later, can I withdraw from my Rollover IRA (funds from pension plan and 401K) without the 10% early withdrawal penalty beginning on January 1, 2011?  If yes, I do not need to set up a 72t as long as I find a broker that permits partial withdrawl ...

By: retiredguy 2010-07-15 21:18 Views: 124 Replies: 8 Last: 2010-07-16 13:13 IP: 71.79.8.77

View Details    Vanguard Fidelity,   I'm having trouble with Fidelity setting up a 72T.Does anyone recommend someone else that they are using for their 72t IRA account?  Vanguard, Scottrade anyone else?Thanks ...

By: chee 2010-07-12 13:01 Views: 125 Replies: 4 Last: 2010-07-12 18:00 IP: 68.0.57.106

View Details    how long does it take to setup a 72t,   I plan on retiring in august. I will get a roll over until september until around the 12th of the month. will I have time to setup a 72t in september. I am going through a financial planner. ...

By: San 2010-07-07 17:47 Views: 202 Replies: 13 Last: 2010-07-12 02:54 IP: 72.177.72.185

View Details    online calculator,   Are your calculators for distributions not working at the present time?  When I try to click on it, I am redirected to the home page.  I have used them previously. Thank you ...

By: bob 2010-07-06 23:30 Views: 144 Replies: 5 Last: 2010-07-07 13:24 IP: 76.201.101.164

View Details    withdraw after 59 1/2 while still on 72t,   I am 58 1/2 and have been drawing money from my IRA for 2 years.  Still have 3 years left.  When I turn 59 1/2 next year I will still have 2 years left on my 72t.  The question is, can I withdraw a lump sum amount, if needed, while I'm still locked into the 72t? ...

By: Rick 2010-07-06 14:49 Views: 80 Replies: 1 Last: 2010-07-06 15:03 IP: 148.66.79.202

View Details    Final payment,   Sirs, on September 4, 2007 I took my first distribution on my 72t. I took a distribution of 4/12 of my annual payment. I was 54.5 on that day. On September 4th 2012 I will be 59.5 and plan on ending my 72t at that time. Since I took a partial distribution to begin are my options the following? Take a full distribution prior to September 4, 2012, ta ...

By: TheresaM 2010-07-03 18:18 Views: 100 Replies: 3 Last: 2010-07-05 04:36 IP: 72.172.32.162

View Details    first modification date,   Hello. I calculated my first modification date.  I will have taken 6 distributions by that time because I took the first one Oct. 2009, then Jan 2010, and plan one every Jan thereafter till the modification date of Oct 1, 2014. I will have obtained 59 1/2 in Jan 2014. Does all this sound ok? ...

By: willyd 2010-07-02 22:09 Views: 109 Replies: 2 Last: 2010-07-04 02:47 IP: 69.14.178.182

View Details    72t via Ameritrade?,   I definitely need to set up a 72t for my retirement.  Does anyone know if I can set this up with an IRA thru Ameritrade?    ...

By: bob85364 2010-06-27 20:59 Views: 95 Replies: 2 Last: 2010-06-28 01:58 IP: 76.178.64.165

View Details    starting SEPP mid year.,   Hi, Thanks for all the great information!! I plan to start my SEPP in July 2011. Can I move funds to/from the IRA I plan to use to fund my IRA during the first 6 months of 2011 (before I start my SEPP on 7/1/11) or will this cause confusion and a possible audit from the IRS? Thanks again, Bob.  ...

By: Rick in Ohio 2010-06-27 02:30 Views: 91 Replies: 2 Last: 2010-06-27 03:34 IP: 24.140.72.248

View Details    What "age" do you use???,   Use the age you will turn on your birthday for the year you are recieving the contribution ... Is this correct???Example: present age is 50birthday is in OctoberPlanning to open the SEPP in Jan./2011, So I would use the age of 52 ...... CORRECT ...

By: Rick in Ohio 2010-06-27 00:23 Views: 104 Replies: 3 Last: 2010-06-27 03:31 IP: 24.140.72.248

View Details    Amount to withhold for taxes??,   I will be converting my VANGUARD 401k account toan IRA within the next 2 months. I'm also planningto start a 72T in Jan./2011 with monthly withdrawls. Can I tell Vanguard to wi ...

By: Mass 2010-06-27 00:29 Views: 76 Replies: 3 Last: 2010-06-27 03:31 IP: 24.140.72.248

View Details    reinvestment with a 72t,   Is there anything that changes as to the dividends or profitsthat one gets in a 72t. Can they be reinvested just like a normalIRA account. I'm mainly talking about stocks and mutual funds..?? ...

By: cak 2010-06-21 14:02 Views: 187 Replies: 9 Last: 2010-06-24 01:08 IP: 98.121.98.200

View Details    MD method,   First, Thank You for this website and all information.I would like to ask for clarification that I am doing this correctly.Turned 55 April 2010. Trad. IRA with Vanguard. Will use MD method for 5 years. I would like to start this July 2010, using Dec. 31, 2009 final Trad. IRA amount, and life expect. 29.6. Calculation is easy, ...

By: Dennis 2010-06-23 18:20 Views: 120 Replies: 3 Last: 2010-06-23 18:47 IP: 24.7.70.25

View Details    Minimum Distribution Method,   I'm ready to 'pull the trigger' and begin the Minimum Distribution Method in July 2010.  I'm 54 and with an end May balance in my IRA of $537,047.35 the calculated yearly / monthly distribution is $17,608.11 / $1,467.34.  My question is that in the table provided the annual payment is increasing each year.  It's my understanding ...

By: DHE56 2010-06-21 00:51 Views: 101 Replies: 5 Last: 2010-06-21 22:39 IP: 75.166.73.167

View Details    Company Stock Dividends,   I plan to start an SEPP in which the associated IRA will be comprised solely of company stock shares held in a custodian brokerage account. If I continue to have the quarterly stock dividends reinvested, will this be considered adding additional funds to the existing IRA and thus be a violation of the 72(t) rules? In that this essentially serves as ...

By: Stephen6s 2010-06-21 16:31 Views: 96 Replies: 2 Last: 2010-06-21 17:12 IP: 71.237.107.161

View Details    Steps to ute 72T,   Can anyone describe the steps to ute a 72T plan.How fast can the application be processed and the minimum distribution be received? ...