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I don't want the usual 72(t) rule headaches Posted by MI-Roger [Email] (#882) [Profile/Gallery] (more from MI-Roger) on Mon, 3 Jun 2013 16:44:03 In Reply to: Re: OT: Question for CPAs and Tax Advisors, RodM, Mon, 3 Jun 2013 14:11:21 Members do not see ads below this line. - Help Keep This Site Online - Signup |
The standard means of using the 72(t) Rule requires substantial and regular distributions, whereas I am hoping to use the "Retire at 55 or Later" provision to access whenever and for any amount as needed.
But if both provisions are in the same Code Section then it doesn't matter. I can access the funds when and if I need them without penalty, which is what I was hoping to hear.
Thanks!
->Posting last edited on Mon, 3 Jun 2013 17:55:46.
_______________________________________ Saabs owned: 2008 9-5 Aero Sedan, sold at 227K miles 2006 9-3SC 2.0T - Wife's daily driver 2000 Viggen Convertible - Sold May, 2022 1964 Quantum IV Formula Car - Retirement project 2000 9-5lpt Sedan, sold at 318K miles
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