Learn About the 72(t) Don'ts

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The 72(t) rules allow a person to tap retirement dollars before 59½ without a 10% early distribution penalty

To avoid this retroactive penalty, here are a handful of important “72(t) don’ts” to consider:

  1. Don’t roll new money into the IRA account with the 72(t), and don’t make any contributions to that IRA.
  2. Don’t think you can withdraw more than what the 72(t) payment structure allows.

  3. Don’t handcuff all your IRA money. If the desired annual payout can be achieved with a lower starting IRA value, it is highly recommended that you split the IRA.

More rules are outlined and explained in the download!

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Donald L Retallick III
FL Insurance License # P109239

Retallick Financial Group
Florida Lic. #L096591
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