Age for 72(t) calculation
Every 72(t) calculator I can find assumes the client’s age as of yearend when they take the distribution. Should the client turn 50 in November 2022, but takes the first annual installment in September 2022, do I still use age 50, or age 49?
Permalink Submitted by Alan - IRA critic on Wed, 2022-08-10 21:13
Use age 50, the age client will attain in the first distribution year, even when the first distribution is done well before attaining that age.