Substantially Equal Periodic Payments (SEPP)
Substantially Equal Periodic Payments (SEPP)
Definition: A method of distribution from IRA account assets that under certain conditions is not subject to the IRS's 10% premature withdrawal penalty for those under age 59-1/2.
Definition: A method of distribution from IRA account assets that under certain conditions is not subject to the IRS's 10% premature withdrawal penalty for those under age 59-1/2.