We are also often asked “Is there a 72(t) exception” to IRS rule 72(t) for early retirement income. Most retirement plan distributions are subject to income tax and may be subject to an additional 10% tax (and additional penalties).
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A 72(t) strategy can create penalty-free income from your IRA, 401(k), 403(b), pension or retirement fund.
Spivak Financial Group
What is 72T?
What happens if I don’t maintain my 72(t)
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?
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Are You Retirement Ready?
“Will I outlive my money…” is the most common question we hear from retirement-minded investors…
Meet Your 72t Specialists
What is 72(t)?
How are 72(t) distributions calculated?
Do I pay any taxes on a 72(t) distribution?
How is life expectancy determined & what interest rate is used?
What is a 72(t) distribution penalty?
What is a "rollover"?
What is 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…
Getting Started with a 72(t) Strategy
401(k) Early Distribution using 72(t)
IRA Early Distribution Using 72(t)
72(t) Early Retirement Facts
72(t) Related Articles
Retirement accounts are 100% tax deferred until you start taking withdrawals. Remember, 100% of the dollars taken from your retirement account will be added to your adjusted gross income when filing your taxes.
“Doc” Hall was the “go to” expert and offered his services to individuals nationwide in this specialized area known as SEPP or 72(t) planning
Our goal is to generate a return similar to the rate that you are withdrawing funds from the account each year, so that you finish the 72t period with about as much as you began with.
72t 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.
Completing your 72t early retirement distribution and documenting your IRS 72t exceptions correctly, will provide a stream of retirement income.
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