Early IRA w/drawls

Are you asking if such equal payments have to be on a monthly basis as opposed to an annual basis? ChEAr$, Harlan Lunsford, EA n LA

The exceptions to the penalty for early withdrawal are listed on Form 5329 and its instructions. The one you seem to be referencing is taking substantially equal payments. In order to qualify, these withdrawals must last at least five years or until you reach age 59-1/2, whichever takes longer. So if you are 54-1/2 or younger when you start, you have to continue until age 59-1/2. If you are 57 when you start, for example, you have to continue until age 62.

Are you asking for the other exceptions?

Disability of owner Death of owner (not the way to go) Pay back non reimbursed medical costs which exceed 7.5% AGI. First time home purchase ($10K) College cost

To get a regular annual withdrawal, you need to use the annuitization method, discussed in much detail at

is also referred to as Sec72t for what that's worth)You can break the IRA into separate accounts for this method,i.e. you do not have to annuitize your entire IRA balance. JOE