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Can substantially equal payments be larger?


Guest Jeff Salisbury
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[[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

www.BPickerCPA.com

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