Starting 72(t) early to take advantage of 3%+ Interest rate.

L1: Starting 72(t) early to take advantage of 3%+ Interest rate.Thanks Alan and Gordon for your thoughts regarding August’s interest rate. I was planning to start my SEPP January 2011 but might start in August. One question that I think I know the answer but would like to triple check.
So I start my SEPP in August, taking my first distribution August 15th. I take my FULL annual distribution in 2010, 2011, 2012, 2013 and 2014.

In 2015 I reach 59.5 on 8/3/15 and my 5 year SEPP period ends on 8/14/15
Since I have take 5 FULL distributions in years 2010 – 2014, I THINK I have an option in 2015
of taking NO SEPP distribution as long as I wait after 8/14/15 when my SEPP plan ends

Thanks Bob.2010-07-29 17:16, By: Bob85364, IP: [76.178.64.165]

L2: Starting 72(t) early to take advantage of 3%+ Interest rate.Bob, you are correct. Your 2015 options are:1) Take -0- prior to 8/14 since you will already have taken 60 months of distributions2) Take out 7 months worth anytime prior to 8/143) Take out 12 months worth anytime prior to 8/14After 8/14 you can take out -0- or any amount you want since your plan has ended. Taking distributions both before and after 8/14 just means that you will have 2 1099R forms to deal with and containing different distribution codes.2010-07-29 22:15, By: Alan S., IP: [24.116.165.60]