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final year of 72t

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Bybonusmon

L1: final year of 72tI will turn 59 1/2 on 2/15/2011. How do I handle the final yr for 72t purposes? Take out 2 mos of 72t or take out the full amount?2003-04-21 06:40, By: bonusmon, IP: [127.0.0.1]
L2: final year of 72tHello bonusmon:
It depends on how you defined your plan at the beginning & when during the year you took your first distribution. Tell us more.
TheBadger
wjstecker@wispertel.net
2003-04-22 10:40, By: TheBadger, IP: [127.0.0.1]

L2: final year of 72tI will take a full years distribution sometime during the month of June using the balance in my IRA as of June the 1st. Then in January, will take a full years distribution again, etc. Thanks2003-04-22 10:44, By: bonusmon, IP: [127.0.0.1]

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