FYI: IRA distributions made to IRA owners before they reach age 59 1/2 are generally subject to an extra 10% penalty in addition to regular income tax. There are about a dozen exceptions to the tax (distributions that can be taken penalty-free). The most popular for planning purposes is the "series of substantially equal payments" (SOSEPP). If IRA owners design their "series" of payments in accordance with strict IRS rules, and keep taking their series payments regularly without any "modification" until they are over age 59 1/2 (and for at least five years), the SOSEPP payments are penalty-free.
Regards,
Ted
https://www.morningstar.com/articles/885216/effectively-taking-early-ira-distributions-without.html
