reaching age 59.5 during first 5 years of plan

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L1: reaching age 59.5 during first 5 years of plan
If someone sets up a plan at say age 56 are they allowed to withdraw additional funds from the IRA after reaching age 59.5 without busting or are they locked into the calculated amount only
2011-09-01 20:10, By: burton, IP: [24.128.70.221]

L2: reaching age 59.5 during first 5 years of plan
You are limited to the calculated amount until the end of the 5-year period. If you take out amounts in excess of the calculated amount before the end of 5 years, you will bust the plan.

While the amounts taken after age 59.5 would be free of the 10% penalty, the amounts taken prior to that would be subject to both the 10% penalty and interest on the past due penalties.
2011-09-01 20:25, By: Gfw, IP: [205.178.73.77]

L3: reaching age 59.5 during first 5 years of plan
Perfectly clear. Thank you for your quick response
2011-09-01 20:47, By: burton, IP: [24.128.70.221]