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short on cash, sandra plans an early distribution from one of her iras using the equal periodic payment exception to avoid the '72(t) penalty on
short on cash, sandra plans an early distribution from one of her iras using the equal periodic payment exception to avoid the '72(t) penalty on a premature distribution. however, to comply with this exception, sandra must:
- use the total value in the ira as the basis for payments.
- aggregate her iras to determine the payments.
- make sure each ira meets the substantially equal payment rule.
- make sure her iras are nontransferable when figuring payments.
This is all the information I have....nothing is incomplete
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