No. of Recommendations: 0
The rules for the SEPP plan, also known as a 72t, are that you must continue the distribution for the longer of 5 years or to age 59-1/2. If you fail to take the distributions you can be assessed penalties for all previous distributions. Hence, you want fairly stable investments in that plan. Not ones that might crash in value.

The distribution rate is based on your life expectancy and is typically 2 to 3% of the account balance per year. I did mine with Fidelity. Your custodian can give you an estimate of what your plan could pay based on the accounts current value.
Print the post  


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.