72(t)
When you sign up for a 72(t) plan, if your IRA primarily has fixed income securities (CDs, bonds, etc)- what happens if there is not enough uninvested cash in the account to cover the annual rquired distribution? In other words, if there is not enough cash/money market to pay the distribution, will the brokerage house redeem a CD or bond to meet the needed distribution amount- or what??
Permalink Submitted by Alan Spross on Thu, 2007-08-09 04:48
Since I addressed this on the 72net site, I think I’ll lay low here for now and let you get the benefit of another independent opinion on this.