IRA’s going dry

L1: IRA’s going dryI have been following this chain with interest.I also have a 72T account that will defenitely go dry. However, it was carved off of my other, larger, IRA account.Question, can I replenish the 72T account with assets from my other IRA? 2002-08-01 15:54, By: Patrick, IP: [127.0.0.1]
L2: IRA’s going dryHello Patrick:Interesting that you should ask this question. In every SEPP plan, irrespective of method used, there are four implicit or explicit assumptions: age, mortality table, interest rate and the corpus (the amount in the IRA).If you look back in time and change the corpus by adding money to the SEPP IRA from another IRA you have explicitly changed the corpus; therefore you have made a plan modification; therefore 72(t)(4) applies; therefore cough up 10% plus interest.The above is the coventional wisdom without a doubt. On the other hand, I just made this exact argument in a private letter ruling request about two weeks ago using some convoluted language that basically said “no harm, no foul”. We will see if it works. Personally, I give it 1 in 3 of succeeding.TheBadgerwjstecker@wispertel.net2002-08-01 16:07, By: TheBadger, IP: [127.0.0.1]