What is Rule 72(t)?

When you withdraw money from a qualified retirement account under Rule 72 (t), the funds are distributed to you as SEPPs. These regular payments are made over the course of five years or until you turn 59 ½. Qualified retirement plans eligible for Rule 72 (t) include the 401 (k), 403 (b), 457 (b), Thrift Savings Plans (TSPs) and IRAs.

What are SEPPs under Rule 72(t)?

If none of these exceptions to you, Rule 72 (t) lets you establish a schedule of annual (or more frequent) withdrawals from your retirement account called SEPPs. What Are SEPPs? SEPPs are substantially equal periodic payments. When you withdraw money from a qualified retirement account under Rule 72 (t), the funds are distributed to you as SEPPs.

What are the results of investing with fidelity?

Results may vary with each use and over time. As with all your investments through Fidelity, you must make your own determination whether an investment in any particular security or securities is consistent with your investment objectives, risk tolerance, financial situation and your evaluation of the security.

Is TaxAct affiliated with Fidelity Brokerage Services (FBS)?

TaxAct is not affiliated with Fidelity Brokerage Services (FBS) or their affiliates. TaxAct is solely responsible for the information, content and software products provided by TaxAct.