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Monthly Distributions

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Byretired bob

L1: Monthly DistributionsQuestion about distributions set up on a monthly basis.
Facts:
Amortization method
Single life expetancy
Interest rate of 4.5%
Monthly gross distribution is $2,816.47
First distribution was July 1, 2004
Total distribution for 2004 was $16,898.82
Total distribution for 2005 will be $33,797.64
My specific question is will the difference in 2004 and 2005 distributions raise
a flag with the IRS?2005-12-08 17:56, By: retired bob, IP: [71.2.62.117]

L2: Monthly DistributionsRetired Bob… unfortunatey I still have about 3 years to retirement. That aside, it shouldn’t create any flags.
But, if it does, merely have the documentation that you need to show the time frame for the withdrawals.Good luck and Happy Retirement.
Merry Christmas andbest wishes to you and yours for agreat 20062005-12-08 18:02, By: Gfw, IP: [172.16.1.72]

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