Combine Accts

L1: Combine AcctsHave a client with 3 IRA accounts. She is taking a 72t distribution from only 1. I want to combine all 3 accounts, but am told I cannot combine once the 72t has started. Is this correct? 2005-11-11 10:26, By: Jpo, IP: [12.21.165.197]
L2: Combine AcctsThis is very much correct.
Once 72(t) has started you may move from one custodian to another, but you may not add or subtract anything to the corpus of the IRA during the SEPP period. If you do it”s a bust.
Keeping the IRA”s separate gives max flexibility for the client while it”s an annoyance to you.
Jim2005-11-11 10:32, By: Jim, IP: [70.184.1.35]