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The substantially equal periodic payment exemption

According to the new analysis, more than three million Americans decided to retire earlier than they would have due to the COVID-19 pandemic. For those early retirees under the age of 59.5, who decided to take distributions from their retirement accounts, you could be subject to a 10 percent tax penalty. However, there are some exceptions to the 10 percent early withdrawal penalty tax. Jamie Hopkins explains the substantially equal periodic payment exception. Read Mr. Hopkins’ article here…

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