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Do I pay any taxes on a 72t early distribution?

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.

72(t) distributions planning

How are 72(t) distributions calculated by using the IRS 72(t) rule?

There are 3 IRS standard methods on how 72(t) distributions are calculated: Amortization Method, Annuitization Method, & Required Minimum Distribution Method

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How is life expectancy determined & what is the interest rate used in a 72t early distribution?

When setting up a 72t early distribution, the IRS life expectancy tables used to calculate a return including the interest rate are, Uniform Life, Single Life, Joint Life & Last Survivor table.

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What happens if I don’t maintain my 72(t) distribution correctly?

There are several ways you can “bust” a 72(t) distribution, and the consequences can have a severe impact on your taxes if the account is not managed properly.

72t Experience, Knowledge & Wisdom Matters

Not all Financial Advisors, CPA’s, Tax Attorneys, Banks or Brokers know about this little known 72t IRS rule.

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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.

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