Message Font: Serif | Sans-Serif
No. of Recommendations: 0
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).
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.