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Investors & landlords
Thanks CHAMP. My question was actually about the 72(t) rather than RMD. Can I split my IRA into two accounts, IRA-1 and IRA-2, initiate 72(t) withdrawals from IRA-1 based on its value solely, and then if I need more money within the next 5 years, withdraw from IRA-2 and paying 10% penalty only on that additional withdrawal, without breaking the 72(t) payments?
Relatedly, if using two accounts this way is indeed possible, would I be able to withdraw under 72(t) from IRA-1 and simultaneously making IRA to ROTH conversion from IRA-2 without incurring 10% penalties?
‎April 21, 2023
9:46 AM