Q. In the context of a 72(t) withdrawal does “annually” refer to a 12-month period or the calendar year? I took my first distribution in a lump sum in July. Can I take the annual amount in 2015 on a monthly basis starting in January or do I have to wait until July and again take a lump sum? My calculation was done using the “fixed amortization method.”
A. For the purpose of calculating your 72(t) distributions, in means calendar year.