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SEPP and education withdrawal

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ByRhoder19

L1: SEPP and education withdrawalIf you are taking 72t SEPP and need to take an additional amount to pay for college education, will the education distribution bust the SEPP? I don”t think that just because the education distribution is exempt from the 10% penalty, it doesn”t mean that you aren”t busting your SEPP.2007-01-18 19:14, By: Rhoder19, IP: [68.251.187.156]
L2: SEPP and education withdrawalYes, theSEPP will be busted- the section you are looking to review is Section 72(t)(4)(A) – once the SEPP is established it must last to the later of 5 years or age 59.5 – only death and disability are allowed as reasins to mofify the distribution pattern.
2007-01-19 02:54, By: Gfw, IP: [74.136.109.63]

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