Join Early Retirement Today
Reply
 
Thread Tools Display Modes
72T from an IRA or Roth withdrawal?
Old 12-11-2008, 06:00 PM   #1
Full time employment: Posting here.
fisherman's Avatar
 
Join Date: Jul 2007
Posts: 500
72T from an IRA or Roth withdrawal?

I have question that I need your advice on. As you may know from previous posts I am following a Work Less Live More plan so I am early semi retired.

With some of our taxable savings income, rental income, and my part time business we currently get by just fine. My exhaustive spreadsheet that assumes mostly bad outcomes raises the possibility of my needing to tap retirement savings a few years before 59.5. If this scenario ever actually happens would a 72T from one of our IRAs be the way to go or would it be better to just continue rolling money from the IRAs to Roths on years that we can and then just take month from a Roth if needed?

Thank you for your input.
__________________
Worked the plan and now living the Dream!
fisherman 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 Early-Retirement.org 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 12-11-2008, 08:21 PM   #2
Thinks s/he gets paid by the post
 
Join Date: Feb 2006
Posts: 1,183
If you need money and it is all in an IRA or ROTH IRA it is the same to access it. You can do a 72T on either one. Or, break down one of the accounts to get just what you need.
crazy connie is offline   Reply With Quote
Reply


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


Similar Threads
Thread Thread Starter Forum Replies Last Post
Roth IRA - Contribution Withdrawal Alex. Young Dreamers 3 11-07-2008 07:48 PM
IRA 72t withdrawal? teejayevans FIRE and Money 3 09-29-2007 11:28 AM
Can I max out my Roth IRA, Trad. IRA, and SIMPLE IRA? thefed FIRE and Money 9 09-24-2007 04:52 PM
72T withdrawal recomendations fisherman FIRE and Money 3 07-11-2007 03:22 PM
TSP & 72T early Withdrawal- ? definite answer? soontobeexfed Hi, I am... 5 06-18-2007 05:23 PM

» Quick Links

 
All times are GMT -6. The time now is 05:41 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.