Substantially equal periodic payments

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Substantially equal periodic payments (SEPP)

A method of distribution from IRA account assets that under certain conditions is not subject to the IRS's 10% premature withdrawal penalty for those under age 59-1/2.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Substantially Equal Periodic Payments

Annual distributions that one may take from an IRA without penalty, under certain conditions. Specifically, in order to avoid the penalty, one must agree to receive the payments in roughly the same amount for five years or until one turns 59 1/2 (whichever is longer). The SEPP structure allows one to access money in one's IRA before retirement without penalty, while still discouraging the abuse of the practice.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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"Sepp has not been brought in for a first-team position just yet, but Liverpool hope they are lucky with him.
"So the potential is there, but for Sepp it's time to combine his talent with mental toughness and passion, just like they're used to at Anfield.
Yet, Sepp is optimistic the situation may improve in the future.
Sepp said, "It is already known in human studies that obesity and nutrient deficiency can cause cancer, but these issues have been mostly overlooked in wild animals.
Mr Collins went on: "I believe that change should be Sepp Blatter's immediate removal as president, an interim team of people brought in who are respected from world sport - it doesn't necessarily have to be football - but people from outside can come in and clean out the yard, lead a real reform process and set in place proper elections in the future that will involve people who are not tainted by the corruption of the past.
As for Sepp, there's only one place he's going - the dog house.
Mrs Onwurah told MPs: "Newcastle is home to some of the most passionate football fans in the world, and the re-election of Sepp Blatter is a betrayal of that passion."
Mrs Onwurah said: "The Secretary of State has implied most of the support for Sepp Blatter comes from the African and Asian continent.
April Caudill: SEPP stands for series of substantially equal periodic payments.
Ali Hussein If anyone could mix the best qualities of all the candidates into one we would end up with a well-rounded, fullyequipped challenger who might give Sepp Blatter a run for his money.