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BPYU - Motorhome Retirement May Update: 72(T) Explained
Brookfield Property REIT Inc.
Introduction
Followers of my articles are aware that we planned to retire in July of this year at the age of 54. Our original intent was to not use any of our tax-deferred retirement accounts until we were 59-1/2. However, we had to change the plan due to uncertainty of the future of the Affordable Care Act. A federal judge ruled the law unconstitutional in December 2018. To plan for the potential disappearance of the healthcare exchange and associated benefits, we need to get access to some of our IRA funds. We created a 72((T))