Skip to main content

Ask the Hammer: What Do I Need to Know About Rule 72(t)?

Jeffrey "The Buckinghammer" Levine of Buckingham Wealth Partners answers a Retirement Daily reader's question about Rule 72(t). (Don't worry, he'll explain what it is, too.)

In this episode of Ask the Hammer, the Retirement Daily reader's question is:

What are some strategies for maximizing or minimizing Rule 72(t) early distribution payments?

Our expert, Jeffrey "The Buckinghammer" Levine of Buckingham Wealth Partners met with Retirement Daily editor Robert Powell to answer this question. You don't want to miss what he has to say.

In this episode, Levine covers:

  • What Rule 72(t) is
  • Strategies for maximizing Rule 72(t)
  • Strategies for minimizing Rule 72(t)
  • How to calculate Rule 72(t)
  • Restrictions of the rule
  • Common mistakes people make pertaining to Rule 72(t)
  • Different methods for handling Rule 72(t), such as the RMD method
  • What the IRS Notice 2022-6 is and how it changes the interest rate when you calculate things like Rule 72(t)

Stay tuned for more Ask the Hammer!


Got questions?

Email AsktheHammer@BuckinghamGroup.com


More Ask the Hammer

Ask the Hammer: What's Some Advice for Uncovering Marital Assets in a Divorce?

Am I Always Eligible for the 0% Capital Gains Tax Rate?

When Should I File My Taxes?

How Do I Invest the Fixed-income Portion of My Portfolio?

Should Parents Provide Financial Support to Adult Children?

What's the Value of a Risk Tolerance Questionnaire?

How Do I Select the Best Retirement Plan Payout Option?

What Are The Distribution Rules for Beneficiaries of Inherited IRAs?

Should We Worry About National Debt?

What are the Tax Consequences to Selling Assets in a UTMA or UGMA?

What are Some Tips on Buying a Used Car?

Is it Possible to Put an RMD Back Into an IRA?

What Does Reg BI Mean for Investors?


Follow us on Instagram and Twitter!