How Can We Help?
< Back
You are here:
Print

Combining 72t IRAs

L1: Combining 72t IRAsI have ten separate rollover (from 401k Plans) IRA accounts. They are all at the same brokerage and are segregated by investment type/manager.The total value of the accounts was used to set up a 72t plan 2 1/2 years ago. I am 60 years old and know that I need to continue distributions until I reach the 5 year point.I am going to transfer my entire account relationship to a new brokerage where I have additional non-72t IRA accounts. When I make the transfer, I would like to combine all of the 72t accounts into one new account that I would set up with the new brokerage.My question is whether it is ok to combine the ten 72t accounts into one new account at the new brokerage.Also, is there anything else I should be concerned with when I make the transfer?Thanks!2010-06-03 04:02, By: meech, IP: [24.17.13.63]
L2: Combining 72t IRAsYes. Just do not include the non-72T accocount number.unt with it. Make sure that account has a separate account number.2010-06-03 04:45, By: dlzallestaxes, IP: [72.78.110.86]

Table of Contents