submitting 72(t) plan to IRA custodian

L1: submitting 72(t) plan to IRA custodianThe wait is over!! My IRA rollover was finally funded today with proceeds of the 6/2005 sale of ESOP stock when former employer was acquired, and I retired. (Some may recall from my Jan 2, ’06 posting, that the new companydissolved the ESOP, so I could not take annaul distributions from that without penalty). I plan on doing single life amortization using Jan 06 Fed Mid Term rate, and asking for 2 payments per year (first one in March ’06 if possible–but if they can’t pay me till April, I will use March mid term rate) and 2nd payment for 2006 in Sept, using full year computed total divided by two for each one.I do not plan on recalculating amount each year. My question is this: If the “final date” calculator on this site lists 4/01/2011 as first date I can modify my plan, can I take the same 1/2 year amount in March of 2011 to end the 72(t) plan, or would it have to be just 3 months worth of the annual amount for final payment? I just want to give payment instructions to the custodian that can be followed for entire 72(t), which could be 11 equal semi annual payments (less taxes). BTW, I have two other IRA’s that I can fall back on if this plan falls a bit short in the next 5 years. The expert answers on this site have been very helpful in my planning! Thanks. KEN2006-03-21 16:03, By: Ken, IP: [151.199.24.155]
L2: submitting 72(t) plan to IRA custodianBecause your plan really commences in March of 2006; the five year rule requires that you make a distribution in 2011 which should be 1/2 the annual amount as in preceeding years.
TheBadger
wjstecker@wispertel.net
2006-03-21 17:08, By: TheBadger, IP: [66.109.211.254]