72T max distribution
L1: 72T max distributionI understand the minimum distribution calculations….if my minimum amount is $5K annually….can i set the plan up for taking more….maybe $15K each year?2011-07-01 14:44, By: Mitchell26, IP: [22.214.171.124]
L2: 72T max distributionNo. Use the calculator to determine one of the 3 allowed distributions. What you take annually should be no further off than $1 from the calculated amount.2011-07-01 15:00, By: Gfw, IP: [126.96.36.199]
L3: 72T max distributionThanks for clarifying! Have a great 4th of July!2011-07-01 15:21, By: Mitchell26, IP: [188.8.131.52]
L4: 72T max distributionYou will generate a much larger annual distribution if you use one of the fixed dollar methods, NOT the minimum (MD) distribution method.
You still must take out the same amount each year, but you are allowed a one time switch to the MD method if you want to reduce your annual distribution. A fixed dollar method also requires only that you make your one initial calculation while the MD method requires a calculation every year and there is more chance for error.
2011-07-02 00:12, By: Alan S., IP: [184.108.40.206]