What would be the penalty for having insufficient funds to make the 'substantially equal periodic payment' from a rollover IRA prior to age 59.5. In my worst case scenario, my 401(k) rollover IRA craters in a market disaster leaving nothing to distribute. Since I had chosen to use an amortization method to calculate the substantially equal periodic payment, I should have set aside 50k a year to cover the payout through the liquidation of equities in the portfolio. Instead there's nothing left, I'm 50 years old and the IRS says...______ (please fill in the blank).
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