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> First, let me tell you that you have been the single most important

> influence

> in my finacial life. Between you guys and the IBD I am able to think about

> retirement at 49 years old.

>

> I am considering early retirement at 49. I would be using the 72(t)

> provision to make equal withdrawals from my IRA until I'm 591/2. Do I have

> to use a calculation to determine the max. amount that I can withdraw or can

> I just name the dollar amount over the approx. 10 year period that

> withdrawals would take place?

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...Do I have

> to use a calculation to determine the max. amount that I can withdraw or can

> I just name the dollar amount over the approx. 10 year period that

> withdrawals would take place?


You cannot select an arbitrary amount. See the info at the following two links:

www.fool.com/retirement/manageretirement/manageretirement9.htm --

www.geoworld.com/WallStreet/8257/wdraw59.html --

Hope that helps!
Phooley
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I usually suggest you first figure the maximum using §72(t); then work on your own cash flow needs to see if the whole program works. If so, some permutation of method & account balance can allways be constructed to meet your needs. However, it is an indirect process in that rules need to be followed by using one of three approved methods; See Notice 89-25.

TheBadger
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