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: [220.127.116.11]
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: [18.104.22.168]
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: [22.214.171.124]