early withdrawal penalty
I have a situation where a client is 56 and “retired” this June. Client has defined benefit plan which an immediate annuity makes sense for a 10 year period certain. Will client be subject to 10% penalty with an immediate annuity from an IRA if the withdrawals exceed the 72t maximum?
Permalink Submitted by Samuel Critz on Fri, 2009-09-04 20:30
Will you be doing a Lifetime w/ 10 year period certain?