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Old 09-06-2010, 08:39 AM   #21
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Am I missing something?? Why not roll it to a Roth IRA in steps? Pay income tax today and shield future earnings/gains?

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Old 09-06-2010, 06:57 PM   #22
Dryer sheet wannabe
Join Date: Dec 2006
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Here is another overview of 72t.

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Old 09-06-2010, 07:56 PM   #23
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Another vote for
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
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Old 09-06-2010, 09:55 PM   #24
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Join Date: Jul 2005
Location: Los Angeles area
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I have been using 72t distributions since 2006 thru Schwab, using the annual recalc/minimum distribution method (currently resulting in about a 3% distribution of last Dec 31 balance). No problems with Schwab or the IRS. I log on to Schwab, download the very simple form, fill it out, mail it in, and a couple days later the $$ moves from my IRA to my regular stock account. I use a simple spreadsheet to calculate the amount to withdraw every year.

learn, work, save, invest, fire
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