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[QUOTE="willie99, post: 5284782, member: 192"]
I described what one had to do and why. You must have missed that.  I described it accurately in post 3, then I elaborated in post 7

[HEADING=2]Substantially Equal Periodic Payments[/HEADING]
If you’re considering [URL='https://physiciansthrive.com/retirement-planning/specialty-retirement/']early retirement[/URL] or need a steady income stream before reaching 59 1/2, you should learn about the [URL='https://www.irs.gov/retirement-plans/substantially-equal-periodic-payments']Substantially Equal Periodic Payments[/URL] (SEPP) exception.

It allows you to withdraw IRA funds at no penalty by setting up a series of substantially equal payments based on your life expectancy or the joint expectancies of yourself and your designated beneficiary.

To qualify, you must continue these payments for at least 5 years or until you reach age 59 1/2, whichever comes later.

The amounts you withdraw are calculated using one of three IRS-approved methods.

As you’d expect, this option is complex and requires [URL='https://www.investopedia.com/articles/retirement/02/112602.asp']careful planning[/URL] to avoid potential pitfalls.
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