How To Take Distributions From Your IRA Without Paying The 10% Penalty

About this episode

This episode discusses how to take distributions from an IRA without incurring a 10% penalty using the IRS 72(t) rule.

If you are considering retiring early or you need income before age 59½, the IRS 72(t) rule (also called SEPP, Substantially Equal Periodic Payments) may allow you to take distributions from a traditional IRA without the 10% early withdrawal penalty. In this episode, Ken and Jeremy break down what an IRA is, who 72(t) can help, the three calculation methods, and the most common pitfalls that can trigger penalties if you change or break the plan. You will also hear an example using a $1,000,0...

People in this episode

Host: Ken Moraif

Guest: Jeremy

Topics covered

• IRA distributions
• early retirement
• 72(t) rule
• penalty avoidance
• financial planning

Keywords

• IRA
• 72(t) rule
• early withdrawal penalty
• financial planning
• Substantially Equal Periodic Payments

Mentioned in this episode

Organizations: IRS, IRA, SEPP

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