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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.
After you calculate your expenses and your retirement income, you can figure out how much money is left over for investing in retirement.
You can take a series of equal periodic payments or take a withdrawal if you hit age 55 and have left the employer associated with the 401 (k).
However, early retirees can still access their funds by taking what is known as substantially equal periodic payments (SEPP) in an IRA, 401 (k), 403 (b) or other qualified retirement account ...
A qualified domestic relations order (or QDRO, pronounced "cue-dro" or "qua-dro"), is a judicial order in the United States, entered as part of a property division in a divorce or legal separation that splits a retirement plan or pension plan by recognizing joint marital ownership interests in the plan, specifically the former spouse's interest in that spouse's share of the asset. A QDRO's ...
In a defined benefit (or pension) plan, benefits are calculated using a fixed formula that typically factors in final pay and service with an employer, and payments are made from a trust fund specifically dedicated to the plan. Separate accounts for each participant do not exist.
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