Skip to main content
No. of Recommendations: 3
I retired at age 53 and set up a 72t distribution on a 401K plan.

If you ask your account custodian they can give you an estimate and answer questions.

Mine was at Fidelity. They wanted the 401K rolled over to an IRA and then did the 72t from there. Worked fine.

The main requirement is that you continue the plan for a minimum of five years or until age 59-1/2. If asset values decline such that you can't continue the plan, it becomes a penalty distribution. So best to invest conservatively and not take big risks with investments in the 72t plan.
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.