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final year distribution

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Bybonusmon

L1: final year distributionI started a 72t in May of this year, taking out 39,000 once a year. I have taken 39k out for this year and plan to take out 39k January of every year thereafter. My date forthe 72t to end is Feb 15 2011. After that, I am free to take out any amount. Question is, in the year 2011, do I still have to withdraw 39k by Feb 15, 2011? Thanks for your help. Rick2003-07-20 05:48, By: bonusmon, IP: [127.0.0.1]
L2: final year distributionI’m assuming thatyour age 59.5 is determining the end date and not the 5-year rule. If it was me, I would take out 2/12 in the final year for January – unfortunately, no PLRs on the subject.
BTW – I have no idea where the 02/15 date you are using comes from other than that it might be the date you turn age 59.5

2003-07-21 19:14, By: Gfw, IP: [127.0.0.1]

L2: final year distributionI turn 52 in August. The 5 yr rule would not apply.2003-07-21 20:26, By: bonusmon, IP: [127.0.0.1]

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