Princeton Asset

Tag: 72(t)

  • Understanding 72(t) SoSEPP Distributions

    —

    by

    WP ADMIN
    in

    For many investors, tapping retirement funds before age 59½ normally means a 10% early withdrawal penalty. But the IRS provides us with an exception: Sequence Of Substantially Equal Periodic Payments (SoSEPPs) under IRC §72(t). If you follow the rules carefully, you can set up penalty-free withdrawals before age 59½. This post explains who can use…