MinhT1
Expert Alumni

Retirement tax questions

The IRS says in this document

 

If distributions are made as part of a series of substantially equal periodic payments over your life expectancy or the life expectancies of you and your designated beneficiary, the §72(t) tax does not apply. (The §72(t) tax is the 10% penalty).

 

Please read this document carefully as there are conditions and guidance from the IRS to avoid the penalty.

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