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Author: intercst Big funky green star, 20000 posts Top Favorite Fools Top Recommended Fools Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19891  
Subject: Re: Early W/D From IRA w/Penalty Date: 12/24/1999 7:55 PM
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rensor1 wrote,

By the way, for those of you wondering why I'm not considering the 72(t) option, I have considered it, but am not going that route because I don't want to limit myself to "substantially equal" payments over my remaining living years. This portfolio is going to grow to ever-increasingly higher levels and I want the flexibility of withdrawing varying amounts in the future for various/multiple needs and wants.

If you are age 57, the "72(t) exception" doesn't require you to continue withdrawals for your "remaining living years. The rule is "until age 59.5 or 5 years, WHICHEVER IS LONGER." Since you are 57, that means you'd only have to take the withdrawals until age 62. After age 62, you can take out as much, or as little as you want from your IRA.

There is a free calculator on the Retire Early Home Page that you can use to determine the exact amount of your distribution using any of the three IRS-approved methods. See link:


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