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  2. Substantially equal periodic payments - Wikipedia

    en.wikipedia.org/wiki/Substantially_equal...

    Substantially equal periodic payments. Substantially equal periodic payments (SEPP) are one of the exceptions in the United States Internal Revenue Code that allows a retiree to receive payments before age 59 from a retirement plan or deferred annuity without the 10% early distribution penalty under certain circumstances. [1]

  3. 401(k) - Wikipedia

    en.wikipedia.org/wiki/401(k)

    401 (k) In the United States, a 401 (k) plan is an employer-sponsored, defined-contribution, personal pension (savings) account, as defined in subsection 401 (k) of the U.S. Internal Revenue Code. [1] Periodic employee contributions come directly out of their paychecks, and may be matched by the employer.

  4. Ask an Advisor: We Want to Retire Before Age 59 ½. How ... - AOL

    www.aol.com/ask-advisor-wife-want-retire...

    Just like the name indicates, you can take a series of substantially equal periodic payments – or SEPP – from your retirement account without facing the 10% early withdrawal penalty.

  5. SEP-IRA - Wikipedia

    en.wikipedia.org/wiki/SEP-IRA

    SEP-IRA. A Simplified Employee Pension Individual Retirement Arrangement ( SEP IRA) is a variation of the Individual Retirement Account used in the United States. SEP IRAs are adopted by business owners to provide retirement benefits for themselves and their employees. [1] There are no significant administration costs for a self-employed person ...

  6. I Want to Retire by 59. How Can I Do It? - AOL

    www.aol.com/finance/retire-59-step-step-plan...

    Retiring at age 59 is (sometimes) possible if you plan and prepare for it. Start by knowing how much income you can generate after leaving work. Then prepare a post-retirement budget. Fill any ...

  7. I'm 59 With a $1.4 Million Net Worth and $5k in Monthly ... - AOL

    www.aol.com/im-59-1-4-million-121500831.html

    And if you hold these assets in tax-advantaged retirement accounts, you cannot retire until age 59.5 without potentially encountering penalties (though you can avoid this with the rule of 55).

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