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URL:  http://boards.fool.com/72t-paperwork-questions-12759160.aspx

Subject:  72t Paperwork & Questions Date:  6/19/2000  12:26 PM
Author:  fowlmike Number:  115 of 169


I'll be 54 in September and am getting ready to jump via 72t 1/1/01... [nice ring to it, huh?]

I've read alot about it, but haven't learned much about the paperwork requirements for IRS reporting.

How do I let them know what I'm doing? and stay out of trouble...

I'll have $425,000 [12/31/00 valuation], and using the Annualization Method @ 6% interest at age 54, [factor is 12.42... or should I be using the factor for age 55 since I will turn 55 during 2001?], so I figure I must take $34,219 annually, at least through age 59.5... right so far?

Early employer retirement will be about $8,000 or so a year, but I don't see this as having any bearing or effect, and not having any 72t considerations... right?

And I hope to avail myself [and spouse] of SSA benefits at 62... about $19,000 and change combined.. also no effect via 72t...right? This is after 59.5 anyway...

Thanks in advance for any and all help and/or suggestions!!

FowlMike
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