72t and normal distribution from the same IRA

L1: 72t and normal distribution from the same IRAIn 2009, I will be in the 5th year of my 72t distribution. I would like to take an additional normal distribution (60 years old) in 2009 as well from the same IRA. Is this a problem?2008-12-13 08:37, By: tide, IP: [67.187.43.27]
L2: 72t and normal distribution from the same IRAPlease allow me to clarify my message above. I have been taking annual distributions in January of each year. January 2009 will be my fifth and final 72t distribution. The question is may I take a normal distribution later in 2009 without busting the plan. Thanks.2008-12-13 09:16, By: tide, IP: [67.187.43.27]

L2: 72t and normal distribution from the same IRAHello Tide:I am guessing that you took your 1st distribution in January, 2005; thus, your January 2009 will be your 5th annual distribution. Therefore, you may NOT take additional distributions in 2009 because your SEPP plan must complete the “5 year” rule irrespective of your age. Unfortunately (as we learned in Arnold v. Commissioner) the “5 year” rule is measured in days commencing with the date of your 1st distribution; thus, let’s assume your 1st distribution was made January 15, 2005; then your SEPP plan ends Jaunary 15, 2010. Therefore, your 1st opportunity to take non-SEPP / extra distirbutions is January 16, 2010.TheBadgerwjstecker@wispertel.net2008-12-13 09:22, By: TheBadger, IP: [72.42.109.182]