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

Have I completed my requirements?

Posted
Last Updated On
Bychuck

L1: Have I completed my requirements?I began taking distributions monthly in January, 2000 at age 49 1/2 (born 07/07/1950). I opted for the one time change to RMD method annualy about 2003 when it was apparent I was taking more than the account would support.
Although my last withdrawal on 11/16/2009 was my tenth consecutive year of distributions, I was under the age of 59 1/2 by about 2 months. Am I required to take one last annual distribution this year? My account is with Schwab and the option for early withdrawal is automatically removed since I’m now over 59 1/2.
Thanks in advance, Chuck2010-11-30 17:33, By: Chuck, IP: [174.103.63.72]

L2: Have I completed my requirements?The SEPP plan ended on 1/7/2010 when you turned age 59.5. which means that for 2010, you can do nothing or you can take the full annual distribution.
You could also take the pro-rated amount, but that doesn’t make much sense.2010-11-30 18:16, By: Gfw, IP: [24.148.10.164]

L3: Have I completed my requirements?Thank you!2010-11-30 18:34, By: Chuck, IP: [174.103.63.72]

Table of Contents