Beating the Early Distribution Penalty: How the Periodic Payment Exception Works.

Middle-income clients may need them w relieve a financial crisis. Wealthier clients may use them to fund a private foundation or build a vacation home. The possibilities for planning with periodic payments under 72(t) are endless. An adviser who has a thorough understanding of this exception and knows the best planning techniques and pitfalls to avoid can offer clients a tremendous tool for saving taxes and meeting their goals. [ABSTRACT FROM AUTHOR]