Latest Articles

  • Three Calculation Methods to Determine 72(t) Distributions to Count as a Substantially Equal Periodic Payment (SEPP) Many people are opposed to paying the penalty tax for early distributions and ask the question, “Is there a way to avoid it?” Yes, there is: the Safe Harbor distribution methods. Following the rules of the Safe Harbor distribution methods is one of the exceptions for the 10% early distribution penalty. There are three methods that ... Read more
  • Things to consider for the 72(t) Rule There are a few rules you must follow in order to draw from a qualified plan prior to 591/2 without penalty No changes until the later of 5 years or age 59½ Once you select a method, you can’t make a change until the later of 5 years or age 59½. Up to that point, the only change ... Read more
  • Probability of Business Owner Passing Before discussing the continuation of the business should the owner exit the business, it may be helpful to discuss the probability of the owner’s unexpected departure. Of course, the most common event resulting in an owner’s exit would be death. What is the chance that a 50-year-old business owner will die before retirement? Almost 12%i. ... Read more

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