Any experts on SEPP/72t out there?
I want to leave at age 50 and I will need access to some of this money. I would like to move TSP to Scottrade IRA.
I have read there are very specific rules about balance changes (other than the SEPP withdrawal).
If I'm incurring trading fees, am I violating the rules?
I know I can leave it in TSP but I don't want to continue to suffer these silly monthly IFT restrictions.
Anyone currently traveling this road?
Thanks,
wax
I retired a few months ago at 49 and am looking into 72T as I rolled my TSP into an IRA at Schwab. Trading fees shouldn't be a concern within your IRA. Ask your questions
but for good insight I recommend you explore 72t on the Net | SEPP, 72t, and /72q Distributions
Monthly, quarterly, semi-annually, or annually is your choice (with your Brokerage) as long as you only take out the correct dollar amount annually based on your 72t calculation.
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