Escape the 10% Penalty on IRA Distributions with Substantially Equal Periodic Payments

If you take IRA distributions or 401(k) distributions from your IRA or employer’s retirement plan before the age of 59-1/2, normally you will get tagged with a 10% penalty, in addition to the income taxes owed on the distribution. However, there is a strategy to avoid this penalty by taking “Substantially Equal Periodic Payments”. This […]
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