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Last seen: Nov 19, 2023
@mac64 I don't think there are any written rules from the IRS about how the final year is handled when you have a plan lasting longer than 5 years, at...
72t plans are not based on fiscal years, they're based on calendar years. If you already took a distribution in 2023 for your annual amount then you d...
@larryh Right, but you're not reinvesting into the IRA, you're reinvesting money that's already inside the IRA. That's an important distinction - you ...
Sorry, ignore that last part, I somehow got confused & thought you said Fidelity instead of Vanguard.
That dividend should still be in your IRA; the fact that it's cash doesn't automatically remove it from the IRA account. And yes, you can re-invest th...
If you start a 72t when you turn 54 1/2 you're going to be locked in to that plan for 5 years, just like you would be if you started at 56 1/2. The pl...
@larryh No. I read Mr. Stecker's book (linked here under the Tools & Resources heading), so I was pretty confidant in my plan.
One other thing you should think about is inflation. I had enough cash set aside when I started my 6 year plan that I was able to increase my spending...
1. Yes, your age at the end of the year is what you use. 2. I always had taxes withheld from my distribution - I used a tax program to estimate the ...
I like the last one ("Helping you confidently retire"). I would have thought anything with both "retire" and "confident" would be too similar for thei...
Good advice. Before starting my 72t (back in 2017) using the amortization method, I used 2 different online calculators AND Excel AND did it by hand w...
The way I read section 4, any existing SEPP plan using the RMD method can switch to the new tables but existing plans using the amortization or annuit...