Here’s the best part about 72(t)
You don’t even have to be retired to get
your hands on these periodic withdrawals providing you follow the
rules.
Again, what makes this all possible for you is a
“little known” section in the Internal revenue Code
(IRC) called Section 72(t) (2) (IV), IRC.
Endless possibilities
Imagine for a moment the endless possibilities of
using the money in your IRA.
A few examples:
- Retire now versus later
- Pay down or eliminate credit card debt
- Purchase a vacation home
- Supplement your current income
- Pay off unexpected bills
- Take vacations each year
- Help pay college costs, and on and on.