Substantially Equal Periodic Payments (SEPP)
Gold IRA Glossary
An IRS exception, often called 72(t), that lets you take a series of calculated annual withdrawals from an IRA before age 59 1/2 without the 10% early withdrawal penalty. The payment schedule must continue for at least five years or until you reach 59 1/2, whichever is longer, and modifying it triggers retroactive penalties. The calculation rules are specific, so most people set up a SEPP with professional help.
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