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Author: TheBadger Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75384  
Subject: Re: IRA Distribution Penalty Exception Date: 6/23/2000 5:38 PM
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You have got it correct other than it is the "minimum" or "life expectancy" method; not the "annuity" method.

However, Given your ages (early 50's) IMHO, there are less risky approaches to the same issue by adopting either the amortization or annuity methods on only a portion of your IRA's that will generate the same annual cash flow while not pledging all of one's IRA's into the initial calculation.

If you have thought through all of these already then fine; if not, IMHO you should seek some professional counsel before initiating any withdrawal transactions. 90% of making "substantially equal periodic payments" SEPP's work effectively is in the initial design to fit your financial needs.

TheBadger
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