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72T SWITCHING ACCOUNTS

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ByTracy

L1: 72T SWITCHING ACCOUNTSPerson has an existing SEPP on an IRA based on 2 accounts-One with $500k and one with $100k. All withdrawals are based on the total value between the two accounts. Cleint wants to move $300k from the $500k account to the $100k account and take propotional withdrawls from both, ie changing where the withdrawals come from. Any problem with this?2008-10-16 09:51, By: jim+w, IP: [216.163.247.4]
L2: 72T SWITCHING ACCOUNTSIn general, no problem because the SEPP 72-T is based upon both accounts. The only caveat has to do with only being able to do it once within a 12 month period (not calendar year).2008-10-16 11:41, By: dlzallestaxes, IP: [96.245.168.66]

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