The SEPP Survival Guide: Top 4 Mistakes to Avoid When Setting Up SEPP IRA Distributions
The SEPP Survival Guide: Top 4 Mistakes to Avoid When Setting Up SEPP IRA Distributions So, you’re approaching the point where you can tap into your IRA funds before the traditional retirement age of 59 ½ without incurring that pesky 10% early withdrawal penalty. The magic key? Substantially Equal Periodic Payments, or SEPP, distributions under IRS Rule 72(t). This can be a lifeline for early retirees or those facing unexpected financial needs. Remember! A SEPP only avoids the 10% penalty,…
