Rule 72(t) - reclaim your 401(k), etc. How?

anomie · Post by **anomie** » Fri Sep 14, 2012 11:31 pm

Hello,
If anyone has any experience or wisdom to share regarding how to retrieve retirement savings penalty-free from the IRS, please consider sharing your wisdom on the ere wiki:

here wiki
and possibly in this thread.
Thank you for reading.

-a

chicago81 · Post by **chicago81** » Sat Sep 15, 2012 2:52 am

I have also wondered about this (as I plan on doing a 72(t) when the time is right.)
Do you have to tell your broker about it? Or is it simply a matter of taking a distribution (and making sure it is the CORRECT amount of distribution) and then filing the appropriate tax forms?

mfi · Post by **mfi** » Sat Sep 15, 2012 3:57 am

Check out 72t.net or "IRAs, 401(k)s & Other Retirement Plans: Taking Your Money Out" by Twila Slesnick