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72T and Education Exp in Same Acct?

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ByRichard

L1: 72T and Education Exp in Same Acct?I have a client with an ongoing 72T distribution from 2002 under the old rules. He is wanting to take out a $5,000 chunk from the same account to pay for his daughter’s college expenses. Would this violate the existing 72T like I think it will?2003-05-14 16:06, By: Richard, IP: [127.0.0.1]
L2: 72T and Education Exp in Same Acct?You are right on target – it would bust the plan. Suggest client look to other accounts or investments.
2003-05-14 16:23, By: Gfw, IP: [127.0.0.1]

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