Financial and business terms. 2012.
Substantially equal periodic payments — (SEPP) are one of the exceptions in the United States IRS Code that allows receiving payments without the 10% early distribution penalty from a retirement plan or deferred annuity before the usual 59 1/2 age restriction under certain… … Wikipedia
Substantially Equal Periodic Payment - SEPP — A plan that allows individuals who have invested in an IRA or another qualified retirement plan to withdraw funds prior to the age of 59.5 and avoid income tax and early withdrawal penalties. Typically, an individual who removes assets from a… … Investment dictionary
401(k) — In the United States of America, a 401(k) plan allows a worker to save for retirement while deferring income taxes on the saved money and earnings until withdrawal. The employee elects to have a portion of his or her wage paid directly, or… … Wikipedia
Individual Retirement Account — An Individual Retirement Account (or IRA) is a retirement plan account that provides some tax advantages for retirement savings in the United States.Legal basisThe individual retirement account and related vehicles (see Definitions) were created… … Wikipedia
Sepp — may refer to:* an Estonian family name meaning smith ** Kalev Sepp, Estonian American defense analyst ** Olav Sepp (born 1969), Estonian chess champion * The Sepp family, a German family ** Anton Sepp von Seppenburg (1655−1733), Jesuit missionary … Wikipedia
Fixed Annuitization Method — One of three methods by which early retirees of any age can access their retirement funds without penalty before turning 50.5. The fixed annuitization method divides the retiree s account balance by an annuity factor taken from IRS tables to… … Investment dictionary
Roth 401(k) — The Roth 401(k) is a type of retirement savings plan. It was authorized by the United States Congress under the Internal Revenue Code, section 402A [http://www.law.cornell.edu/uscode/html/uscode26/usc sec 26 00000402 A000 .html] , and represents… … Wikipedia
Premature Distribution — Any distribution taken from an IRA, qualified plan or tax deferred annuity that is paid to a beneficiary that is under age 59.5. Premature distributions are subject to a 10% early withdrawal penalty by the IRS as a means of discouraging savers… … Investment dictionary
Required Minimum Distribution Method — One of three methods by which early retirees of any age can access their retirement funds without penalty before turning 59 ½. Normally, funds withdrawn before age 59 ½ are assessed a 10% early withdrawal penalty. Funds must be… … Investment dictionary
Rule 72(t) — An Internal Revenue Service (IRS) rule that allows for penalty free withdrawals from an IRA account. The rule requires that, in order for the IRA owner to take penalty free early withdrawals, he or she must take at least five substantially equal… … Investment dictionary
