72T

L1: 72TWhen i did my IRA rollover and set up the account my broker referred me to a CPA to calculate my distribution amount,he did the minimum distribution method i recently found out that i could have used the annuity or ammortization method and doubled my payout,,,since this was only done approx 6 months ago can i recalculate and use the annuity or ammortization method ?? my other thought was to take the same amount which i took 6 months ago which would just about equal the total if i use the annuity or ammortization method,,,would this Bust the plan even though i’m in my first year2001-08-30 17:08, By: GAP, IP: [127.0.0.1]
L2: RE: 72TIf the plan is changed after the first payment is made, the plan at least in theory goes bust. If you ever get audited, you’ll probably have to furnish the details including assumptions and payment history. You may have even furnished the IRA Custodian the plan information hoping that they would mark the appropriate box with the appropriate code on IRS Form 1099R.2001-09-08 12:55, By: Gfw, IP: [127.0.0.1]