Multiple 72t distributions

L1: Multiple 72t distributionsI am thinking about starting to take 72t distributions from my current IRA accounts starting in January 2002. I would formally retire at age 55, later in the year and would roll over my SEPP and 401K plans probably in May to another IRA. Can I open a new 72t at that date, based on the new IRA from my SEPP and 401k, that would allow me to have extra income for the 5 years required minimum early withdrawl period. This would mean that I would have 2 72t distributions open until I reach at least 60.2001-11-18 11:01, By: Don, IP: [127.0.0.1]
L2: RE: Multiple 72t distributionsYou can have as many 72t plans as you desire – each should stand on it’s own and each should be maintained in seperate accounts. Remember to keep the payments going until the later of age 59.5 or 5-years. If the 5-years comes first, no changes should be made in the payment structure until the beginning of the 6th year. Good luck! :~}2001-11-18 11:17, By: Gfw, IP: [127.0.0.1]