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Posted
3 hours ago, StandardIssue said:

Well, actually from my recollection bank deposit holdings can dip down 2 months after the first extension to no less than 400k BUT 3 months before the next annual extension the balance has to be back up to 800k. 

You have it the wrong way around.

The 800K is 2 months prior to submitting the extension application and 3 months after the extension is approved, then you can withdraw up to 400K.

 

Order35-2561(2019)Retirement2_22.png.8e2ae86f901484e423d9cccde9b5cfbf.png

 

Posted
9 hours ago, Liquorice said:

You have it the wrong way around.

The 800K is 2 months prior to submitting the extension application and 3 months after the extension is approved, then you can withdraw up to 400K.

 

Order35-2561(2019)Retirement2_22.png.8e2ae86f901484e423d9cccde9b5cfbf.png

 

 

Yes, thank you for clarifying that. I see that is correct. Sorry for any confusion to others seeking accurate info.
 

StanIss

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