The Rule Of 72T | Prescribed Wealth Podcast

The Rule of Age 72T refers to IRS Section 72(t), which allows penalty-free early withdrawals from retirement accounts through substantially equal periodic payments. This rule is often used by individuals who need access to their retirement funds before age 59 and a half without facing the usual 10 percent penalty. However, strict guidelines must be followed, including maintaining the withdrawals for at least five years or until age 59 and a half, whichever is longer. Understanding these rules can help retirees and early retirees manage their finances strategically while avoiding unnecessary penalties.

Disclosures:
Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. RPC Advisory Group and Cambridge are not affiliated. Content provided via links to third party sites should not be considered an endorsement of third party content. We make no representation as to the completeness or accuracy of information provided at these websites. Reviews on this site may or may not be by clients of the firm. No compensation is being provided for sharing of opinions and experiences on this site. The reviewer’s comments may not be representative of any other person’s experience and is no guarantee of future performance or success.