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Calculators, forums, articles and more on 72(t) and 72(q) /SEPP Plans. Includes RMD Calculators...

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  • I think found a way to avoid taking RMDs. Can you tell me if it could work? Let’s say I take a distribution in December, and leave only $10 in my traditional IRA. This means that when my custodian calculates my RMD amount, it will be $0.00 (rounding to the nearest dollar) since my December 31 fair market value (FMV) will be $10. Given that I have 60-days to rollover the amount, I can complete the rollover in January, bringing back my balance to what I had before I took the distribution. I think I can do this every year and always avoid the RMD.

  • A sole proprietor (unincorporated business owner) made contributions in excess of the deductible amount for the previous tax year to his SEP IRA. He has no employees (other than himself) and wants to leave the amount in the SEP IRA and apply it to the current tax year. Is that permissible?