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72t Exceptions Explained

Completing your 72t early retirement distribution and documenting your IRS 72t exceptions correctly, will provide a stream of retirement income.

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…

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What Is an Early IRA 72(t) Distribution?

Estimate what your IRA might produce for an income, using a 72(t) for early withdrawals to eliminate the IRS penalty.

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Accessing Your Retirement Income from a 401(k) Plan Using 72t

Relevant questions to ask and learn everything you need to know about accessing your retirement income, 401(k), IRA’s including 72(t) without penalty.

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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.

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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 and what interest rate is used on a 72t distribution?

When setting up a 72t distribution, the IRS life expectancy tables are: Uniform Life, Single Life, Joint Life & Last Survivor table.

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What happens if I don’t maintain my 72(t) distributions 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.

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What will be my 72t interest rate or expected rate of return?

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.

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