Search found 2 matches

by brianh
Sat Apr 23, 2016 8:31 am
Forum: Dealing with real world situations
Topic: IRS Rule 72(t) and Rule of 55
Replies: 7
Views: 2749

Re: IRS Rule 72(t) and Rule of 55

Thanks Jim. Under IRS Rule 72(t) you must take substantially equal period payments for at least five full years or until you reach 59 1/2. I know how to set up the payments in the Additional Inputs, but how do you reduce the value of your 401k by that amount each year without the 10% penalty? Under ...
by brianh
Fri Apr 22, 2016 4:04 pm
Forum: Dealing with real world situations
Topic: IRS Rule 72(t) and Rule of 55
Replies: 7
Views: 2749

IRS Rule 72(t) and Rule of 55

I am over 55 and recently separated from service. Any ideas how I can create Additional Inputs in the Planner or some other way to take early distributions from my last 401k using the "Rule of 55" or IRS Rule 72(t). I'm trying to determine if it's feasible for me to just retire now instead of lookin...