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"72t Distribution Software 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. Projects year end values throughout the length of the distribution, imports the latest Applicable Federal Rate (AFR) published monthly by the IRS and prints a comprehensive client-friendly report."
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