72T distributions
Our client wants to start 72t payments. He wants to take the first annual distribution in December 2014 and his second distribution in January 2015.
Is there any problem taking the distributions so close? Does there have to be 12 months between annual distributions?
Permalink Submitted by Alan - IRA critic on Thu, 2014-11-13 04:30
No problem as these are calendar year plans. Client will have to carefully budget his money starting in January since there will be no more distributions possible for the rest of 2015.