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72t income

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Bymarie

L1: 72t incomeIs there a limited amount of income you can earn after you start a 72t?2008-02-05 10:42, By: marie, IP: [76.98.150.60]
L2: 72t incomeNO. SEPP 72-T only requires ANNUAL DISTRIBUTIONS. However, the higher your anticipated earnings, the lower the amount you would need to put into th SEPP 72-T, and therefore you could put more into the “emergency fund” in case you need it later without busting your plan.2008-02-05 14:57, By: dlzallestaxes, IP: [151.197.38.243]

L2: 72t incomeIf you have an active 72t plan and your income from any other source rises to the point where you no longer need the 72t plan distributions, you should consider the one time switch to the RMD method. Usually, but not always, that will substantially reduce your annual distribution without busting the plan. That would help you to preserve tax deferral in your IRA and possibly prevent the combined income from elevating your marginal bracket.2008-02-05 22:13, By: Alan S., IP: [24.116.165.60]

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