Why You Need a Specialized 72(t) Advisor
When it comes to IRS Rule 72(t) SEPP planning, not all financial advisors are created equal. The rules governing 72(t) plans are complex, the consequences of mistakes are severe, and the specialized knowledge required goes far beyond what most generalist financial advisors possess.
Finding a qualified 72t advisor near you — or one who serves your area remotely — is one of the most important steps you can take to protect your financial future. Here is what to look for.
What Makes a Qualified 72(t) Advisor?
Specialized Knowledge of IRS Rule 72(t)
A qualified 72t advisor should have deep, current knowledge of IRS Rule 72(t), including all three calculation methods, the applicable interest rate rules, life expectancy tables, and the compliance requirements for maintaining a valid plan. Ask any prospective advisor how many 72(t) plans they have set up and managed — experience matters.
Fiduciary Duty
A fiduciary advisor is legally required to act in your best interest. Not all financial advisors are fiduciaries — some operate under a "suitability" standard that allows them to recommend products that are merely suitable, not necessarily in your best interest. Always ask whether your advisor is a fiduciary.
Credentials and Regulatory Standing
Look for advisors who are registered with FINRA and whose credentials can be verified through BrokerCheck. Credentials like CFP (Certified Financial Planner), CFA (Chartered Financial Analyst), or ChFC (Chartered Financial Consultant) indicate a higher level of financial planning knowledge.
Questions to Ask a Prospective 72t Advisor
- How many 72(t) SEPP plans have you set up and managed?
- Are you a fiduciary?
- How do you charge for your services?
- Can you provide references from clients with 72(t) plans?
- How do you handle ongoing compliance monitoring?
- What happens if I have a question or problem with my plan?
People Also Ask: Finding a 72t Advisor
Do I need a local 72t advisor, or can I work with one remotely?
You do not need a local advisor. Many of the best 72(t) specialists work with clients nationwide via phone and Zoom. In fact, because 72(t) planning is so specialized, you are more likely to find a truly qualified advisor by searching nationally rather than limiting yourself to your local area. At Spivak Financial Group, we serve clients in all 44 states via remote consultations.
How much does a 72t advisor cost?
Fees vary by advisor and service model. Some advisors charge a flat fee for setting up a 72(t) plan, others charge an ongoing percentage of assets under management, and some charge an hourly rate. Be sure to understand the full fee structure before engaging an advisor. At Spivak Financial Group, we offer a free initial consultation so you can evaluate our services with no financial commitment.
What is the difference between a 72t advisor and a regular financial advisor?
A 72t advisor specializes specifically in IRS Rule 72(t) SEPP planning, while a regular financial advisor typically covers a broad range of financial planning topics. Because 72(t) plans are complex and the consequences of mistakes are severe, working with a specialist — rather than a generalist — significantly reduces your risk.
Why Clients Choose Spivak Financial Group
At Spivak Financial Group, we have built our practice around 72(t) SEPP planning. Our exclusive focus means we understand every nuance of the rules, stay current on IRS guidance, and have the experience to handle even the most complex situations. We serve clients in all 44 states via phone and Zoom — so no matter where you are, you have access to specialized 72t expertise.
Schedule your free consultation today at (844) 558-5997 and find out how we can help you access your retirement funds early and penalty-free.