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Distribution Options

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ByWCA

L1: Distribution OptionsI believe I know the answer, but figured I would double check. Am I correct in stating that all 3 of the distribution methods (minimum, amortized, anuitized) all can be stopped totally if electedafter the 5 year mark? Thanks!2010-05-24 15:33, By: WCA, IP: [68.196.243.173]
L2: Distribution OptionsOnly if…

You are over age 59.5 at the end of 5 years; and,
You have distributed at least 5 annual distributions.
2010-05-24 15:37, By: Gfw, IP: [24.148.10.164]

L3: Distribution OptionsCLARIFICATION Not only do you have to have taken the equivalent of 5 annual payments, but 60 monthsmust have also passed since the first distribution. i.e. if you take an annual distribution in month 1 of every calendar year, you still must wait 11 months after the 5th one before your plan ends, after reaching 59 1/2, of course.2010-05-24 16:28, By: dlzallestaxes, IP: [72.78.110.86]

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