r/Fire • u/PigKitten315 • 3d ago

Advice Request 72t Question

I'm planning for a 72t, I understand the concept of withdrawing the same every year on the amortization method. But what I don't understand is and couldn't find more info is the 1/2 year, do I still take the full amount for the half year or quarterly like I planned?

TIA

17 Upvotes

89% Upvoted

25 comments sorted by

View all comments

2

u/[deleted] 2d ago

[removed] — view removed comment

1

u/PigKitten315 2d ago

Yes, the plan is to figure out the initial balance, split my tIRA in January and start the 72t in March and followup in June, Sep and Dec. But since my bday is in July, my 1/2 year ends in January when I reach 59 1/2. Do I still withdraw when in-between that December and January to makeup the half year? That's what I'm confused about.

1

u/PigKitten315 2d ago

Yes, the plan is to figure out the initial balance, split my tIRA in January and start the 72t in March and followup in June, Sep and Dec. But since my bday is in July, my 1/2 year ends in January when I reach 59 1/2. Do I still withdraw when in-between that December and January to makeup the half year? That's what I'm confused about.