72t Exceptions Explained
Completing your 72t early retirement distribution and documenting your IRS 72t exceptions correctly, will provide a stream of retirement income.
Do You Have $200,000 or More in Your 401(k), IRA or Other Qualified Retirement Plan?
Are You Close to Retirement and Need or Want an Additional Stream of Income?
Do You Have $200,000 or More in Your 401(k),
IRA or Other Qualified Retirement Plan?
Are You Close to Retirement and Need
or Want an Additional Stream of Income?
Knowledge Base
Spivak Financial Group
What is 72T?
What happens if I don’t maintain my 72(t)
distributions correctly?
What is a Rollover?
What will be my interest rate or expected
rate of return?
Can multiple retirement savings accounts
and vehicles be used for a 72(t) distribution?
What is the #1 Concern About Retirement?
Ask the 72(t) Professor
Are You Retirement Ready?
What is the #1 concern about retirement?
“Will I outlive my money…” is the most common question we hear from retirement-minded investors…
Meet Your 72t Specialists
As 72t early retirement specialists, our mission is to help those under age 59 ½ to utilize and enjoy their retirement money without the tax penalty associated with early retirement due to corporate downsizing, voluntary retirement or unexpected loss of work…
What is 72(t)?
72(t) is the Internal Revenue Code Section that covers withdrawals from retirement accounts – 401k’s, 403(b)’s including Qualified Annuities, Pensions, Individual Retirement Accounts (IRA’s), or any other tax deferred retirement savings vehicles…
How are 72(t) distributions calculated?
There are 3 standard methods the IRS allows us to use in determining a 72(t) distribution: The Amortization Method, Annuitization Method, and Required Minimum Distribution Method…
Do I pay any taxes on a 72(t) distribution?
Remember, retirement accounts are 100% tax deferred until you start taking withdrawals. Whether you are at, above, or under age 59%, 100% of the dollars taken from your retirement account will be added to your Adjusted Gross income when filing your taxes…
How is life expectancy determined & what interest rate is used?
The life expectancy tables that can be used are: The Uniform Life Table, the Single Life Table, and the Joint Life and Last Survivor Table…
What is a 72(t) distribution penalty?
The IRS is unforgiving with a 72(t) distribution penalty. Once 72t payments begin, they cannot be stopped or modified for any reason…
What is a "rollover"?
Rollover” is a term that is used when transferring money from one retirement account to another to maintain its tax-deferred status. Typically, if you take money out of a retirement account, the amount of money leaving the account is added to your Adjusted Gross Income…
What is an IRA "rollover"?
AN IRA ROLLOVER
Generally, after a person retires, quits or is let go, they are given the option to “Rollover” their retirement plan(s) into a new company’s plan, if available, or into an IRA Individual Retirement Account/Annuity…
Generally, after a person retires, quits or is let go, they are given the option to “Rollover” their retirement plan(s) into a new company’s plan, if available, or into an IRA Individual Retirement Account/Annuity…
Getting Started with a
72(t) Distribution Strategy
401(k) Early Distribution using 72(t)
IRA Early Distribution Using 72(t)
72(t) Early Retirement Do's & Don'ts
Know Your Client Rights
QUALITY OF SERVICE
You are entitled to a high level of proactive, courteous service.
TRUSTED ADVISOR
You have a right to work with trustworthy, dependable, independent wealth advisors.
RECOMMENDATIONS
You have the right to independent advice and recommendations based upon your needs, risk tolerance, and goals.
CONFIDENTIALLY
You have the right to the strictest levels of confidentiality with information given to our team.
PROMPT RESPONSE
You have the right to a prompt response. Our team is committed to returning phone calls and emails within a reasonable time frame.
EDUCATION
You have the right to continual education along your journey. Our team will project reasonable expectations and achievable scenarios.
ACCURACY
You have the right to accurate third party reporting of all managed accounts.
The Spivak Financial Group and Centaurus Financial, Incorporated are not affiliated. Securities and advisory services offered through Centaurus Financial Inc., Member FINRA and SIPC a registered investment advisor. This message is intended for residents of the United States of America in certain states only.
Our Partners
72(t) Distribution Articles
Reasons for an Early Withdrawal Using 72(t)
A 72(t) early distribution will not be subject to the 10% additional early withdrawal tax in the following circumstances…
What is a 72t Distribution Penalty?
TIP: We have effectively set up 72t distributions for penalty free income many times throughout almost 50 years and this strategy works, IF DONE CORRECTLY.
Your Client Rights
QUALITY OF SERVICE
You are entitled to a high level of proactive, courteous service.
TRUSTED ADVISOR
You have a right to work with trustworthy, dependable, independent wealth advisors.
RECOMMENDATIONS
You have the right to independent advice and recommendations based upon your needs, risk tolerance, and goals.
CONFIDENTIALLY
You have the right to the strictest levels of confidentiality with information given to our team.
PROMPT RESPONSE
You have the right to a prompt response. Our team is committed to returning phone calls and emails within a reasonable time frame.
EDUCATION
You have the right to continual education along your journey. Our team will project reasonable expectations and achievable scenarios.
ACCURACY
You have the right to accurate third party reporting of all managed accounts.
Our Email
Send us a question anytime...
72tProfessor@spivakfinancial.com
and we’ll get back to you
as soon as possible.
