Originally Posted by 73ss454
W2R, can't early retires use 72T under 59 1/2? What's so good about it? I think this is for people who are still working.
The difference is that with 72(t), you have to use SEPP AND do it for five years or until 59 1/2, whichever is longer. With this you could withdraw when you saw fit, not according to SEPP and no requirement to continue SEPP until a certain point in time.
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)