Except in the event of death or disability, a change in payouts after the series has begun generally will constitute a “modification” and will trigger the early distribution penalties discussed in Q ...

The 10 percent early (premature) distribution tax ( Q 3677) does not apply to distributions that are part of a series of substantially equal periodic payments made at least annually for the life or ...

My wife and I plan to retire before age 59 ½. How many different 72(t)s can a household utilize? For example, if I have two ...

WHEN CLIENTS ARE DESPERATE FOR FUNDS because of unforeseen circumstances, CPAs can help them tap retirement funds without triggering the 10% early withdrawal penalty. Eight exemptions to this penalty ...

The quick answer to both of your questions is yes. You can take substantially equal periodic payments (SEPP) from more than one IRA. And two spouses can each take SEPPs from their own IRAs. The IRS ...