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Multiple 72t Distributions

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Byjag

L1: Multiple 72t DistributionsGreetings,First off I wish to thank you for your website www.72t.net. I have found the information to be most interesting. After visiting the site and searching for information, I have a question:Can I break up an IRA into different account numbers and do 72t distributions on different amounts at different times? Keeping in mind that once I begin a 72t distribution on a particular IRA account, I do not change “that” payment stream.Example:Let’s say I have a lump sum pension account that I am rolling into an IRA. The total is $1,400,000. I am 51 and my wife is 49. Can I take a 72t distribution based on say $400,000 if I put it into a separate IRA with a different account number? I would like to let the other $1,000,000 sit for a few years.If I want to, may I later (say 3 years later) break off another $300,000 to a separate account number and do another 72t on that “bucket?” I would not change the payment from the first 72t ($400k) and I would leave the remaining $700,000 alone to continue deferring.It is possible to perform multiple 72t distributions at different times, so long as they are in separate IRA accounts with different account numbers correct?Thanks!Sincerely,JAG2004-03-11 20:48, By: JAG, IP: [172.173.230.137]
L2: Multiple 72t DistributionsHello JAG:
The answer to all of your questions is YES. Further, you even have the process figured out correctly.
TheBadger
wjstecker@wispertel.net
2004-03-11 22:03, By: TheBadger, IP: [38.116.134.130]

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