The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: 72t - SEPP from IRA||Date: 3/14/1999 7:49 PM|
|Author: joew3||Number: 9132 of 81353|
I have seen a number of references that the "starting balance" of ones IRA used to calculate the appropriate withdraw amounts is supposed to be from the previous Dec 31st. Is that an IRS rule? What if I retire and receive my lump sum distribution mid-year, must I wait until the next year to start withdraws?
I am hoping the EOY date is 'only' a guideline and one could use another date.
Anyone know about this?
|Copyright 1996-2016 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|