Substantially equal periodic payments (SEPPs) received over the taxpayer’s expected life are not subject to the 10% tax if the payments continue for the longer of five years or until the taxpayer reaches age 59½. The IRS provides several safe-harbor methods for calculating the allowable payment. See how Impact’s QPC program compares the different life tables for this little known retirement planning technique if qualified money is needed earlier than 59 1/2

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