VDR
Level 2

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?