New IRS Rules Make It Much Easier To Retire Early
Published Wednesday, February 2, 2022 at: 6:55 AM EST
New rules just released in IRS Notice 2022-6 sharply hike distribution amounts permitted from qualified plans before age 59½. The new rules will allow many more individuals to take substantially equal periodic payments (SEPPs) from their IRAs or 401(k)s in their 50s. With The Great Resignation under way, this is one of the most important personal financial planning strategies of 2022. A search on Google for “Notice 2022-6” earlier today yielded no explanations of what’s going on, but it is a tectonic shift. The new rule puts a 5% floor on the maximum interest rate that may be used to calculate payments...
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