Internal Revenue Code §72t is a provision which permits
retirees under the age of 59½ to withdraw monies from their IRA accounts pursuant to a
mathematical formula of scheduled, periodic withdrawals. Unfortunately, this provision has been
used by unscrupulous financial advisors who have implemented excessive levels of withdrawals, which are
not only permitted by the IRS, but which can also deplete retirement account assets, leaving retirees in
a financial bind.
We have represented a number of victims who have
sustained financial harm as a result of the improper use of an IRS §72t early withdrawal and offer a
free initial consultation to those who feel they have likewise been victimized.
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