Rule 72(t)

Business, Legal & Accounting Glossary

Definition: Rule 72(t)


Rule 72(t)


Full Definition of Rule 72(t)


A rule that allows an individual to withdraw funds from an IRA before age fifty-nine and a half without paying a penalty. Under this rule, funds must be withdrawn in equal amounts at regular intervals. The withdrawals must continue for a period of five years or until an individual reaches age fifty-nine and a half, whichever comes later.


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https://payrollheaven.com/define/rule-72t/
Modern Language Association (MLA):
Rule 72(t). PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 01, 2022 https://payrollheaven.com/define/rule-72t/.
Chicago Manual of Style (CMS):
Rule 72(t). PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/rule-72t/ (accessed: December 01, 2022).
American Psychological Association (APA):
Rule 72(t). PayrollHeaven.com. Retrieved December 01, 2022
, from PayrollHeaven.com website: https://payrollheaven.com/define/rule-72t/

Definition Sources


Definitions for Rule 72(t) are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 16th November, 2021 | 0 Views.