72t distributions

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L1: 72t distributionsIf you are taking early withdrawls from an IRA account and not paying penalty through one of the 72T exceptions, are you allowed to to open and contribute to and employer sponsored 401K plan?2010-01-08 20:54, By: Kath, IP: []
L2: 72t distributionsShouldn’t be a problem. Just make sure that no additional funds are deposited into the SEPP plan.Since you are now employed, if you are looking to reduce the calculated SEPP distribution consider the one time change to the Minimum Distribution method.2010-01-09 14:02, By: Gfw, IP: []