72T question about additional income

[testtubes]

Can any of you tell me if there are any restrictions on outside earnings while drawing income from an IRA under the rules of 72T.

Example: If I retire at 55 and my income is soley derived from my wife's pension and $45k I withdraw annually from my IRA account under the rules of 72T, can I make money from say a partime job on the side? Are there limitations as to how much I can make on the side?

I know there are limitations once I start drawing SS but I am looking at the seven year bridge until SS.

 

[Sam]

There is no limitation at all, not to my knowledge.

 

[SteveR]

No other income concerns with 72(t) beyond just the additional income taxes on a higher income. Nothing in the 72(t) is affected by any other sources of income as the calculation only addresses your IRA balance and the formula you use.

 

[albundyz]

FYI

there is a website you might want to check out.

72t.net

has a discussion board where you can ask questions and (seemingly) very knowledgeable responders

also has other 72t information that might interest you