By: Kromehorse 2009-01-06 22:18 Views: 49 Replies: 2 Last: 2009-01-06 22:39

View Details    life expectancy table discrepancy,   On the life expectancy calculator here, the single-life result for someone age 58 is 25.9 and on the IRS table the result is 27.0  This is more than rounding tolerance.  Can someone explain? ...

By: JK 2009-01-06 21:55 Views: 47 Replies: 4 Last: 17 Hours ago...

View Details    Immediate Annuity Value for One-Time Change,   An individual started SEPP withdrawals from a custodial IRA.  After starting the SEPP the individual used a portion of the balance to purchase an immediate annuity inside the IRA.  Now that individual wants to do the one-time change.  How would the immediate annuity be valued when determining the balance of the account to calcul ...

By: Newly retired 2009-01-06 01:23 Views: 106 Replies: 8 Last: 2009-01-06 23:56

View Details    low 72T interest...my idea to get around it,   Hello. I am 55 and just retired. I WAS going to roll my 401K ( lousy investment choices)  into my existing traditional IRA and start a 72T. But unfortunately this will not privide enough money to meet my living expenses. My idea, is to keep the 401K where it is and take penalty free withdrawals until the 72T interest rate perks up, and then ro ...

By: Ralph 2009-01-05 16:43 Views: 42 Replies: 3 Last: 2009-01-06 05:54

View Details    NUA and 72t,   Dear Friends,     Can an individual, age 49, take his appreciated stock in his 401(k) under section 72(t) and avoid the early withdraw penalty and not lose his NUA since it is not a lump sum distribution?Ralph Mendez ...

By: Charlie 2009-01-05 15:37 Views: 118 Replies: 9 Last: 39 Minutes ago...

View Details    72t to ROTH,   My client wants to decrease his current draw but a change to the RMD method will now result in $2800 versus the $9350 he is currently taking. This go us thinking....Can an individual treat their 72t as a ROTH Conversion if their AGI is under the income cap and they have earned income? This would allow us to move the amount that he doesn't need to ...

By: mikex 2009-01-01 14:52 Views: 228 Replies: 13 Last: 2009-01-04 18:49

View Details    120% rate Fouling my Plans!,   The 120% interest rate is getting too low, and now I can't do the SEPP plan this year if I want to, because I can't get enough money. Can anyone see into the future this year, and predict when it will bottom out and go back up? ...

By: kyle 2008-12-31 17:47 Views: 89 Replies: 2 Last: 2008-12-31 23:46

View Details    changing the method of calculation,   if you have started a 72 (t) distribution based on the amoritization schedule is it possible to change the method used to calculate from amoritization to required minimum distribution method in order lower the monthly amount received? i do not need the higher amount and with market losses i would like a lower monthly amount ...

By: Sandy 2008-12-30 21:57 Views: 76 Replies: 3 Last: 2009-01-01 16:02

View Details    Brokered CDs,   I will be starting a SEPP in January based on account balances 12/31/08. Part of my investments include "brokered CDs". Normally a CD would not have a market value because generally they are not bought and sold like normal marketable securities. Although I plan to keep the CDs until maturity, my brokerage statement includes an estimated market valu ...

By: freeatlast 2008-12-30 19:30 Views: 88 Replies: 4 Last: 2008-12-31 00:45

View Details    How to recover penalty charged in error,   I separated/retired from my company in June of this year and then turned 55 on 12/24/08.  I requested a partial distribution from my 403(b) plan (The Principal) in September. The plan withheld 30% at the time of the distribution, 20% which I expected for taxes as required but also the 10% early withdrawal penalty.  I can't seem ...

By: billymall 2008-12-29 18:01 Views: 117 Replies: 6 Last: 2008-12-29 20:07

View Details    72(t) distributions above calculated minimum,   Can an individual under the age of 55 take fixed monthly 72(t) distributions above the preapproved IRS calculation methods?  Under these methods, my calculated monthly amount would be about $1,500 ($18,000 annually) and I would need about $2,000 monthly ($24,000 annually). Can I set up a higher fixed monthly 72(t) distribution amount that ...

By: session52 2008-12-29 00:58 Views: 120 Replies: 6 Last: 2008-12-30 05:29

View Details    my 2 SEPP plans --- checking "end of plan" dates,   I started two plans, as follows:PLAN 1Dec 2006 ... withdrew $30,000Jan 2007 ... withdrew $30,000Jan 2008 ... withdrew $30,000Jan 2009 ... will withdraw $30,000Jan 2010 ... will withdraw $30,000In Dec 2010, my age will be 59 years, 10 monthsDoes this plan end in Dec 2010 ???& ...

By: djb 2008-12-28 17:02 Views: 180 Replies: 7 Last: 2008-12-30 16:27

View Details    72T Distribution Holiday in 2009?,   This week President Bush signed into law a provision which suspends the mandatory distribution (in year 2009 only) from a tax-deferred retirement account beginning in the year in which you turn age 70 1/2.Apparently (according to the Wall Street Journal, 12/27/08), this suspension rule also applies in the case where you inherit an IRA and h ...

By: Gfw 2008-12-22 13:14 Views: 100 Replies: 3 Last: 2008-12-23 16:15

View Details    Website Improvements,   We have made a few additional improvements to the web site. On both the SEPP Calculator [http://72t.net/Sepp/Irc72tCalculator.aspx] page and the SEPP Interest Rate [http://72t.net/InterestRates/Ra ...

By: rt 2008-12-21 17:44 Views: 199 Replies: 6 Last: 2008-12-24 14:33

View Details    problem,   This is my problem. I would like to roll my 401k into an IRA at my credit union but they won't or can't do the 72t calculation.  I've contacted an actuary ( the only one in our yellow pages). They don't deal with individuals. Most investment advisers can do it if you're a client and put your money into bonds or stocks.That's not going to ...

By: Gfw 2008-12-18 10:11 Views: 97 Replies: 0 Last: 2008-12-18 10:11

View Details    January 120% Mid-Term,   January, 2009... 120% Mid-Term = 2.48%, Applicable Federal Rates for 72(t) and 72(q) distributions. Click HERE ...

By: Gfw 2008-12-18 04:31 Views: 190 Replies: 8 Last: 2008-12-23 12:36

View Details    New Discussion forum,   I have spent the last few days re-writing the discussion forum. While it is not 100% complete (or error free) you can see the preliminary version by selecting [Home][New Forum]  from the left menu.  The new forum appears t ...

By: Dave 2008-12-16 19:00 Views: 143 Replies: 6 Last: 2008-12-17 13:44

View Details    TSP ,   I am a Federal employee under the Thrift Savings Plan (TSP). I am in a special category and will be retiring next month with over 20 years service at age 50.  My problem is withdrawing from the TSP without the 10% penalty. I read some previous entries last month about this, but had an additional question.  My plan would be to wi ...

By: John 2008-12-16 16:33 Views: 133 Replies: 5 Last: 2008-12-17 06:35	View Details    72T''s using the RMD method in 2009,   Hello,
By: Theresa 2008-12-15 17:06 Views: 163 Replies: 5 Last: 2008-12-22 04:17	View Details    Can I do this?,   Hello, for reasons that it would take several pages to describe, I need to cashout a 401K ( penalty free because I am age 56 and retired) and pay the taxes. ALSO, in the same year, I need to start a 72T on my traditional Ira in a separate brokerage firm. Will this throw up a red flag at all to the IRS.??? Can I do this? Thanks a million!!! ( wish I ...

By: tide 2008-12-13 08:37 Views: 94 Replies: 2 Last: 2008-12-13 09:22

View Details    72t and normal distribution from the same IRA,   In 2009,  I will be in the 5th year of my 72t distribution.  I would like to take an additional normal distribution (60 years old) in 2009 as well from the same IRA.  Is this a problem? ...

By: pita 2008-12-11 12:25 Views: 120 Replies: 1 Last: 2008-12-11 14:20

View Details    72t methods,   I'm 56 and will be 57 next year. Next year I will be receiving a lump sum from a defined benefit and cashing out my 401k and will no longer be employed. There is no place to put funds that are insured for more than 250000.  So if I have to spread money to 3or 4 different institutions do I need to sepp on each or how does that work. ...

By: mcli759 2008-12-11 07:01 Views: 194 Replies: 8 Last: 2008-12-21 07:41

View Details    What to do with 72T investment improvements,   I have a question.   Case:  I started a 72t this month for $400k and I am withdrawing around $1600/month, I am 57 years old.  Can you take any dividend and growth above $400k and move that into a separate IRA (non-72T) to keep them out of the $400k base.  For example, lets say the market recovers and I get a ...

By: RDT 2008-12-10 15:17 Views: 131 Replies: 9 Last: 2008-12-24 15:02

View Details    Minimum IRA Balance for 72T,   I am clear on how to calculate the annual payments for a SEP but I am not clear on the minimum IRA funding requirements. For example if my SEP calculation shows a $30K annual withdrawal based on an IRA of $540K do I actually have to maintain this $540K bala ...

By: RDT 2008-12-10 14:45 Views: 91 Replies: 2 Last: 2008-12-10 14:51

View Details    SEPS and Addtional withdrawals at age 59-1/2,   HiI am 56 and intend on starting a SEP. I understand I must take the same payments for 5 years. When I turn 59-1/2 can I take additional tax free distributions from my IRA without busting the SEP ...

By: old grandad 2008-12-10 13:57 Views: 99 Replies: 4 Last: 2008-12-10 14:29

View Details    Starting SEPP in December,   I am ready to begin a 72t from Vanguard.  I would like to take an annual amount, and have done all the calculations thanks to your website (thanks!).  If I begin in December and get an annual payment, does that cause a problem?  It is my understanding that the 1099 from Vanguard will show the annual payment amount and that ...