72T

Client is not 59 1/2. She is currently taking distributions based on 72T.

Client wants to change from Investment Advisor A to Advisor B. Does this crete a tax issue?

Thank you,

Chuck



A partial transfer of IRA accounts has caused some problems in the past, but a 100% transfer should not be a problem. Of course, if the advisor is able to work with the current IRA account without a changed account number, that would not be a problem either. If a transfer of IRA accounts is required, it is best to do it by direct transfer (not a rollover), and after the total 2013 72t distribution amount has been completed. Then distributions from the new IRA account would begin in 2014.

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