How Can We Help?
< Back
You are here:
Print

2nd Distribution

Posted
Last Updated On
ByPeter

L1: 2nd DistributionIf one has a SEPP in place and therefore, qualifying for 10% penalty exception, can one also take a distribution from another IRA account [not in the SEPP universe] and use a different 10% exception [like the 10% penalty exception for higher education expenses]. I guess it could also be the same exception [i.e, SEPP] as well. Please confirm my understanding.
Thanks, Peter 2003-02-18 22:57, By: Peter, IP: [127.0.0.1]

L2: 2nd DistributionHello Peter:
Short answer — YES. However, I would carefully document the facts & circumstances so that there is no confusion at some later date.
TheBadger
wjstecker@wispertel.net
2003-02-19 07:33, By: TheBadger, IP: [127.0.0.1]

Table of Contents