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72t for Roth

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Last Updated On
ByGT

L1: 72t for RothCan you use the 72t distribution method for a Roth IRA?
For example, if someone had a Roth with a value of $500k and was 55 years old, can they use the 72t section to withdraw the funds and avoid the 10% penalty?
2004-11-06 08:10, By: GT, IP: [24.145.164.87]

L2: 72t for RothHello GT:
Yes, a Roth IRA is still an IRA; however, why would you do it considering the ordering rules for Roth distributions?
TheBadger
wjstecker@wispertel.net
2004-11-06 08:34, By: TheBadger, IP: [66.250.23.22]

L2: 72t for RothBill:
That’s actually my question. I would assume that someone shouldwithdraw their contributions first and then start the 72t payments based on earnings. But, if the Roth was created by conversion and it has not been five years, I guess the 72t distributions would avoid the 10% penalty.
2004-11-06 09:34, By: GT, IP: [24.145.164.87]

L2: 72t for RothI would assume that someone should withdraw their contributions first and then start the 72t payments based on earnings.
I agree.
But, if the Roth was created by conversion and it has not been five years, I guess the 72t distributions would avoid the 10% penalty.
Yes.
TheBadger
wjstecker@wispertel.net
2004-11-06 09:50, By: TheBadger, IP: [66.250.23.22]

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