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72(t)

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Last Updated On
ByBob

L1: 72(t)When you set up this plan can you use a portion on your IRA’s for your account balance. For example if you have 250k can you only use 100k since I don’t need that much extra $$ for the 5 year period to get me to 59 1/2. Thanks you,2011-02-17 17:41, By: Bob, IP: [198.8.4.24]
L2: 72(t)Yes. As long as you split the IRA into 2 IRAs with 2 separate account numbers (check with your IRA Trustee/Custodian and make sure that they are 2 separate accounts) and only base the calculations on one of the accounts.2011-02-17 17:58, By: Gfw, IP: [24.148.10.164]

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