In a time when many clients are reprioritizing their lives and considering retiring early, IRS Notice 2022-6 may make this possibility more enticing. As a complement to his podcast, Why it may now be easier for clients to retire prior to age 59½, Bob Keebler, CPA/PFS, shares a handout that walks you through the following topics:
Early distributions from IRAs & qualified plans
Exceptions to the 10% penalty
Series of substantially equal periodic payments (SEPPs) overview
SEPPs calculation methods