Join Early Retirement Today
Thread Tools Search this Thread Display Modes
VG & 72t
Old 12-30-2013, 09:34 AM   #1
Thinks s/he gets paid by the post
teejayevans's Avatar
Join Date: Sep 2006
Posts: 1,169
VG & 72t

For those who have a 72t with Vanguard, did you call them or do it via web site? I know that they have issue a 1099R with the wrong codes, I assuming that hasn't change? Searching their site showed only a passing mention of 72t.

teejayevans is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 12-30-2013, 10:15 AM   #2
Thinks s/he gets paid by the post
frayne's Avatar
Join Date: Oct 2002
Location: 19th Hole
Posts: 2,321
I did a 72T with Fidelity, I ran the numbers, had a CPA double check the numbers and had Fido check them as well. As far as 1099Rs having the wrong code, I think this a bit confusing. They will code box 7 with a 1, meaning a normal distribution. You will have to fill out a form 5329 and note the exception accordingly as a substantially equal periodic payment and not subject to the 10% penalty. Even at that, the IRS may still question your return and ask for additional documentation to verify that you are doing the 72T correctly. Don't ask me how I know this. One last caveat, do your homework and understand your 72T inside and out before you make the leap.

I'm sure VG, like Fido will be glad to make the distributions you request but they will not take responsibility for the 72T as a whole, that is your responsibility.

Normal is an illusion...what is normal for the spider is chaos for the fly.
frayne is offline   Reply With Quote
Old 12-30-2013, 01:20 PM   #3
Thinks s/he gets paid by the post
Join Date: Aug 2004
Location: Laurel, MD
Posts: 2,294
Originally Posted by teejayevans View Post
......Searching their site showed only a passing mention of 72t.
Did you try searching under SEPP?
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
jazz4cash is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


All times are GMT -6. The time now is 05:36 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.