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would this be a bust

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ByMac

L1: would this be a bustBy: mac Date: 2/10/2004 Subject: questions
So if I start a sepp in March and don’t draw for Jan. and Feb. my yearly amounts will look like this. Using the $12,000 a year example.
2004 = $10,000
2005 = $12,000
2006 = $12,000
2007 = $12,000
2008 = $12,000 Would this represent a busted plan? thanks2004-02-11 18:55, By: mac , IP: [64.251.128.10]

L2: would this be a bustHello mac:

As you have presented the facts; yes, it would be a busted SEPP plan.

However, on the presumption that you have satisfied the age 59 1/2 rule; if you added $2000 of distributions in Jan/Feb of 2009; then it would be okay.

TheBadger
wjstecker@wispertel.net
2004-02-12 11:21, By: TheBadger, IP: [38.116.134.130]

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