When 72t stops and you have reduced under 2002-62

L1: When 72t stops and you have reduced under 2002-62Been told that if you”ve satisfied 2002-62 distribution amount through Oct “02 under old 89-25 you can stop remaining Nov & Dec distributions and not have to pay back the difference. Is this correct? Then for “03 one can use the 12/31/02 year end value to calc new 2002-62 distribution amount.
QUESTION??? If the IRA owner was to have satisfied his 72(t) requirements ( 60 months & over 59 1/2 ) in April of 2003 must he take out 100% of 2003, 2002-62 distribution, or can he do it monthly for first four months then stop cold turkey. ($8900 for all 2003 or $744/month for four months aprx $2900)2002-11-20 13:02, By: Gary Charlebois, IP: [127.0.0.1]

L2: When 72t stops and you have reduced under 2002-62>>you can stop remaining Nov & Dec distributions Dont think so. For the two months in question, you are probably better off just making the anticipated distributions and then making the switch in January.Another alternative might be to make the switch now and take Nov and Dec distributions based on the MD method.
>>If the IRA owner was to have satisfied his 72(t) requirements Another gray area, but probably can stop at the plan duration. Check out our Last Payment Date calculator for the actual final date/first modification date.
2002-11-21 14:11, By: Gfw, IP: [127.0.0.1]