Do I have to Rollover or Transfer my
money to an IRA to access my money
through a 72t distribution?
Can multiple retirement savings accounts
and vehicles be used for a 72t distribution?
What will be my interest rate or
expected rate of return?
What happens if I don’t maintain my
72t distributions correctly?
Can I work or receive other income
while taking a 72t distribution?
Can I transfer an existing 72t distribution and continue the distributions with a new firm?
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What is an IRA Rollover?
Do you have a 401k, 403(b), TSP (Thrift Savings Plan) or a 457 plan? If so, then a ROLLOVER is something you need to know all about and may want to consider.
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What is a 72T Distribution Penalty?
Once 72(t) payments start, they cannot be stopped or modified for any reason. If payments are modified in any way other than due to death or disability of the IRA owner, a 10% Federal Income Tax penalty plus interest will be retroactively applied ...
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Experience, Knowledge & Wisdom Matt
Not all Financial Advisors, CPA's, Tax Attorneys, Banks or Brokers know about this little known 72(t) IRS rule. Also, NOT ALL companies know how to structure a 72(t), or how to set it up properly ...