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72t

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ByJim

L1: 72ti will be 54 in october o1 and my wife will be 52 infeb 02. we have 750k in an ira. does this mean that i can take out 65737 per year as long as i usea reasonable int rate, even if the acct grows substantially more than that? this seems to be very confusing.2001-07-03 06:51, By: jim, IP: [127.0.0.1]
L2: RE: 72tBased on the current LT AFR at 120%, the payment you mentioned would be right based on your age. There are several options available in the design of the plan – the most traditional option would have a flat payment each year for the payment period. Earning a higher rate than the plan rate is good – assets will always be sufficient to meet the payments. Earning a lower rate is bad – assets may not be sufficient to meet schedules payments and the plan would go bust. Hope this helps.2001-07-03 13:17, By: Gfw, IP: [127.0.0.1]

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