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

Final payment

Posted
Last Updated On
Byrick

L1: Final paymentSirs, on September 4, 2007 I took my first distribution on my 72t. I took a distribution of 4/12 of my annual payment. I was 54.5 on that day. On September 4th 2012 I will be 59.5 and plan on ending my 72t at that time. Since I took a partial distribution to begin are my options the following? Take a full distribution prior to September 4, 2012, takea partial distribution equal to 8/12 of my annual amount prior to September 4, 2012. Just wondering. ‘ve used this site to set everything up and I’m most greatful for the knowledge shown on this board. Thanks2010-07-06 14:49, By: Rick, IP: [148.66.79.202]
L2: Final paymentYou can do either – just make sure that the total amount taken over the 5 years is at least equal to 5 times the annual distribution amount.2010-07-06 15:03, By: Gfw, IP: [24.148.10.164]

Table of Contents