72t Distribution Software is a program which calculates a series of substantially equal payments from an IRA account to avoid the early withdrawal 10% penalty.
This calculation is pursuant to Section 401(a)(9) of the Internal Revenue Code (IRC) and substantially equal periodic payments (as described in IRC Section 72(t) and IRS Notice 89-25). Utilizes the UP-1984 Mortality Table.
This software is designed for financial professionals who want to produce calculations and reports easily and hassle-free. It also has a database backend for storing and locating the individual's distribution information. When you're deciding on an interest rate to use, you'll be happy to have an automated function which will import the latest AFR within seconds, right from the internet.
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