Today your host Josh and co-host Michelle discuss the IRS Rule 72(t).

Takeaways

• There are 3 IRS life expectancy tables: uniform lifetime, single life and joint & last survivor
• There are 3 basic SEPP distribution methods: Required Minimum Distribution, Fixed Amortization and finally, Fixed Annuitization
• If you modify your SEPP by taking an annual amount that is different from the annual amount that was originally determined, you will be subject to both the 10% tax on the total distributions in that calendar year and a recapture tax that is equal to the total amount of the 10% tax that would have been imposed for the prior years of the SEPP, PLUS interest