Discussion Forum
This forum is provided for informational purposes and it not intended to be relied upon as a source of investment, tax or legal advice. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of the 72tNET.com owners, or the sponsors or firms affiliated with the author(s). Any action that you take as a result of information, analysis, or advertisement on this site is ultimately your responsibility. Please read our Forum Rules.
BEFORE POSTING: Use this TEMPLATE when submitting a new post. Make sure you understand all terms used in the template and double check your answers before submitting your question. Carefully review the SEPP Planning Pointers and materials under the Tools and Resources menu (IRS Resources, Glossary, and Applicable Federal Rate table) before posting to make sure your question is clear and the answer you receive is accurate.
Subscribe to posts or edit your subscriptions by clicking on this link https://72tnet.com/community/subscriptions/ .
PLEASE NOTE: To avoid confusion, please do not add your question to someone else’s thread. If you have a question, please create your own post.
Last seen: Apr 27, 2023
The federal mid term rates are based upon the average market yields of Federal treasury bills having a maturity length falling between 3 and 9 years. ...
That is a complicated question. Generally, when you compute your 72t there are the three allowable methods: minimum distribution, amortization, and a...
Any time.
The only restriction that exists is that the interest rate you choose may not exceed 120% of the applicable federal mid term rate for either the month...
Manually computing the amount using the amortization formula , I get the annual amount to be $19,919.51 rounded to the nearest cent. 2020 will be a ...
Worst case, Vanguard will issue you a 1099R marked with code "1" - ('Early distribution, no known exception applies'). If they do this, all you have ...
Your plan ends 07/31/2026. I think you have the choice to take a full annual distribution, a prorated one equal to 1/2 the annual distribution (6...
If you start the payments 01/20/2020, you have chosen the wrong 120% interest rate. You would have to use the just published January 2020 rate (o...
I appreciate the response. I should be good for tax withholdings to cover the penalty as I was withholding single-none and also had 25% withholding...