72t account depleted
L1: 72t account depleted
What happens if your IRA your currently 72ting is depleted prior to age 59 1/2?
2011-08-30 18:59, By: TKotschi, IP: [188.8.131.52]
L2: 72t account depleted
Rev. Rul. 2002-62, Sectiion 2.03 Special rules.
(a) Complete depletion of assets. If, as a result of following an acceptable method of determining substantially equal periodic payments, an individual’s assets in an individual account plan or an IRA are exhausted, the individual will not
be subject to additional income tax under 72(t)(1) as a result of not receiving substantially equal periodic payments and the resulting cessation of payments will not be treated as a modification of the series of payments.
2011-08-30 19:25, By: Gfw, IP: [184.108.40.206]