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The 72t Loophole


Cindy wants to get out of the workforce. She is burned out, stressed and finds that she has little enjoyment in her weary life. In addition to the toll it is taking on her health, her demanding job allows little time for family and friends.


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The only solution to her problem is to find a way to retire early since she is only 52. A friend told her about 72t Ira Distribution and she is intrigued. Could it really be true that she can avoid the dreaded 10% early withdrawal penalty and save her sanity?

What is 72 t IRA Distribution?

Simply put, it is a completely legal loophole that allows for early IRA withdrawals without penalty by equally distributing the money. Cindy quits her job and has her 401k rolled over into an IRA. After that, she applies to the IRS for an equally substantial distribution of funds. She will then have 3 payment options to choose from.

They are based on her age, how long they expect her to live, the amount of money she has and the age of her beneficiary. Once it has been established to pay out, the money will be distributed until the age of 59 1/2 or 5 years, whichever comes last. In Cindy's case, it will run until she is 59 1/2 or for 7 years.

How is a 72t IRA Distribution Taxed?

The 72 t is taxed as fully taxable income at the income tax rate of the individual. After the 72t has run it's course, then the rest of the IRA is available to use as the owner sees fit. Now that her 72t IRA Distribution has been set up, Cindy is sitting pretty and enjoying life. She has time for exercise, hobbies and most importantly, her new grandchild.

Can any CPA or Attorney set up a 72t Ira Distribution?

Although there are many financial advisors who are able to do a 72t, there are more that cannot! It is important to find a fully qualified financial professional who not only has a good understanding of them, but has set them up before.

After Cindy contacted her CPA, he warned her that she needed to be sure there was enough money to last for 7 uniform equally distributive years, because if she ran out of money at any point, then she would be subject to the early withdrawal penalty! Cindy was able to ensure her retirement was safe through a vigilant financial professional.






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IRA Distribution | IRA Manditory Distribution | IRA Minimun Distribution | Inherited IRA Beneficiary Distribution | IRA Premature Distribution Penalty | 72T IRA Distribution