effective date of distribution
L1: effective date of distributionIf I retire on 11/30/2017 can my first date/month of distribution be November?
thanks2017-09-11 16:26, By: Joe, IP: [22.214.171.124]
L2: effective date of distributionYou need to provide more information about your situation. “Retirement” has nothing to do with SEPP 72-T plans.
We need you DOB, and if you have a 401-K, and if you have company stock in the 401-K which might be eligible for the NUA provisions of the tax code, or if you are only talking about an IRA.
You should read the various topics on this website to better understand the reasons for a SEPP 72-T, and whether it is really something for you to consider, or not.2017-09-11 16:44, By: dlzallestaxes, IP: [126.96.36.199]
L3: effective date of distributionThanks for the useless reply.2017-09-11 18:09, By: Joem, IP: [188.8.131.52]
L4: effective date of distributionJoem…
I thought it was a perfect reply to the question. No information was provided to offer much more of an answer.2017-09-11 18:16, By: Gfw, IP: [184.108.40.206]
L4: effective date of distributionMany people set up SEPP 72-T plans long before retirement. Often people set up these plans when they lose their jobs, or become unable to work in their late 40’s and early or mid-50’s. Others decide to use some of these to fund purchases of 2nd or vacation homes, or to help pay for college or graduate educations, etc.2017-09-11 18:24, By: dlzallestaxes, IP: [220.127.116.11]