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Setting up a 72T

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Byforced-to-retire-ear

L1: Setting up a 72THello all,I’m 53 and have set aside $800,000 for a 72T account. I need 50K (gross) per year until I’m 59 1/2. I’m currently invested in a conservative bond fund that has a 10 year average return of 6.8% over 10 years (slightly lower these days). My first withdrawl would not be until 2002. My questions to the experts based on the above:Could the above plan be implemented with minimal impact on the principle investment (i.e. could I still have close to $800,000 at 59 1/2)?This site appears to offers excellent information on how to calculate and apply for a predetermination with the IRS. I feel like I could do this myself; however, if there is a mistake to be made… I’ll probably make it. Has anyone done this successfully and/or does anyone have any idea how much an accountant would charge to do this for me?Best regards,forced-to-retire-early2002-04-11 18:37, By: forced-to-retire-ear, IP: [127.0.0.1]
L2: RE: Setting up a 72TI’m 53 and have set aside $800,000 for a 72T account. I need 50K (gross) per year until I’m 59 1/2. I’m currently invested in a conservative bond fund that has a 10 year average return of 6.8% over 10 years (slightly lower these days). My first withdrawl would not be until 2002. My questions to the experts based on the above:Could the above plan be implemented with minimal impact on the principle investment (i.e. could I still have close to $800,000 at 59 1/2)?This site appears to offers excellent information on how to calculate and apply for a predetermination with the IRS. I feel like I could do this myself; however, if there is a mistake to be made… I’ll probably make it. Has anyone done this successfully and/or does anyone have any idea how much an accountant would charge to do this for me?It certainly appears that $800k at any real yield north of 6.25% will support a $50k withdrawal per annum with no erosion in the principal amount.I do provide specific SEPP accounting & tax services. If you would like to learn more, feel free to drop me a note @ wjstecker@wispertel.net.RegardsBill Stecker(aka TheBadger) 2002-04-11 18:47, By: TheBadger, IP: [127.0.0.1]

L2: RE: Setting up a 72TwHAT DID THAT BOND FUND DO IN 1994 AND 1999.It is very likely to repeat soon. 2002-04-12 19:35, By: JOHN, IP: [127.0.0.1]

L2: RE: Setting up a 72TJohn,The 1994 annulalized return was 5.4% and the 1999 return was 5.8%. These were the 2 lowest years. How did you know?Best regards,forced-to-retire-early2002-04-13 11:36, By: forced-to-retire-ear, IP: [127.0.0.1]

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