Jump to content

Can substantially equal payments be larger?

Guest Jeff Salisbury

Recommended Posts

[[MY Statement: The 10% penalty is waived when SEPP start at age 45 and continue to age 50 when they are stopped. (They do NOT have to continue to age 59.5 in order to be relieved of the 10% penalty) ]]

WRONG! If SEPP starts at age 45, they MUST continue until age 59½, or else the 10% is imposed on ALL pre age 59½ withdrawals. That's the danger of starting too early.

Barry Picker, CPA/PFS, CFP

New York, NY


Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Create New...