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Retirement tax questions
The IRS has specified three methods of calculating the amount of the payments in a SEPP plan (aka, 72(t) plan). Unless the amounts being distributed correspond precisely to one of the required calculation methods, a calculation that is generally performed by the plan administrator when setting up the SEPP plan, the regular distributions do not qualify as an exception to the early-distribution penalty.
‎June 6, 2019
6:18 AM