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Early IRA Withdrawals without the 10% Tax Penalty

Sunday, April 25, 2010 - 11:45 AM
If you withdraw funds from an IRA before 59½, you'll generally be subject to a 10% penalty from the IRS in addition to regular income tax. However, there are exceptions. This WSJ article describes Section 72t of the federal tax code under which the penalty doesn't apply if the withdrawals are made in a series of "substantially equal periodic payments" (SEPP).
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
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