You have an IRA account that you are getting a 72t payment.Can you take an IRA disbursement without canceling? - cancelling an ira withdrawal for home purchase
We have to take some money from the IRA, but said it could stop 72T payments. Is that still true?
Sunday, January 31, 2010
Cancelling An Ira Withdrawal For Home Purchase You Have An IRA Account That You Are Getting A 72t Payment.Can You Take An IRA Disbursement Without Canceling?
2 comments:
If your payment if it begins, 10% penalty plus interest will be backdated to the first distribution year. Therefore, you can not exceed the annual amount, without a big penalty.
I do not know what a payment 72T, but can not legally take money from an IRA without any penalties that are important to 59 1 / 2 years. In addition, most pension funds are protected in bankruptcy, if it is bad enough that you to raid his retirement, he thought, had gone bankrupt.
Post a Comment