Ira Substantial Equal Payments
i am currently taking subtantial
equal payments out of my ira. before
the end of the year the account
will be depleted. the last payment
will be less than the payment
i have been recieving for many months.
will i have to pay a 10 percent penalty
since the last payment will be different
than the past equal payments? thanks
the payments should have been spread over you expected life time. I assume you out-lived the IRS tables. As long as you used the IRS tables in you computations when you started the distributions, you should be ok.