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Has anyone used a date for the 72(t) calculations that is other than 12/31? In July we established a rollover IRA with a lump sum distribution from my husband's company. In December, we requested a rollover of his 401K to the custodian of the previous rollover IRA to be completed by 12/31/99. Unfortunately, his company's personnel department decided to request the wire transfer to happen today 1/3/00 completed by 1/4/00 - so that he would get his companies matching monies which actually happened on 12/30/99. They did not inform us of this until we started trying to trace why things weren't happening.
We had planned to do the substantially equal payment calculation based on the 12/31/99 account balance.
The custodian of the rollover IRA said I could request a YEAR TO DATE statement of the funds at any date. Since the funds are being wired, they will be there today or tomorrow. Obviously the balance on 12/31/99 and 1/5/00 will be substantially different and affects us for the next 5 years. Any assistance out there?
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