were people taking substantially equal periodic payments from IRA allowed to adjust?t?

charlotte q: were people taking substantially equal periodic payments from IRA allowed to adjust?t?
I am under the age of 59 1/2. I was taking substantially equal payments from my IRA. After the stock market “tanked” in 2001-2002 I cut my payments by one half because I read that
the President was going to have a law passed that allowed
investors to do this once in order to save what was left of their retirement accounts. My accountant is saying he does not know if this is true and that I may be subject to the 10% penalities.
does anyeone know about this one time adjustment?

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Answer by spicertax
This link has the answer.