Substantially Equal Periodic Payment (SEPP),
Substantially Equal Periodic Payment (SEPP) means,
Equal Continuous Salary (SEPP) is a method of distributing funds from an IRA or other eligible retirement plan before the age of 59, which avoids IRS penalties for refunds. Generally, a person who withdraws assets from the project before this age will pay a 10% early settlement penalty on the amount distributed.
- The SEPP plan allows you to withdraw free money from your retirement account before the age of 59.
- The amount you withdraw each year is determined by a formula established by the IRS.
- If you leave the SEPP plan before it expires, you will have to avoid penalties and interest on the money.
- The SEPP plan is best for those who need a permanent income before retirement, perhaps pursuing a career that ends prematurely.
Literal Meanings of Substantially Equal Periodic Payment (SEPP)
Meanings of Substantially:
Massively or significantly.
Sentences of Substantially
Significant increase in revenue
Everything will remain the same for the next ten years
Synonyms of Substantially
to a great extent, greatly, for the most part, to a large extent, to a marked extent, mainly, materially, largely, a great deal, considerably, appreciably, basically, to a great degree, markedly, fundamentally, significantly, in the main, on the whole, almost entirely, by and large, to all intents and purposes, essentially, in effect, in essence
Meanings of Equal:
Equal in number or quantity.
A person or thing whose status or quality is considered equal to another.
Equal to quantity, size, quality or value.
Gain skills or resources (to overcome the challenge)
Sentences of Equal
Divide four by six by two is five
We all treat each other equally
Add the same amount of water and flour
The players are ready for work
Synonyms of Equal
up to, be the same as, the same, indistinguishable, be equal to, equivalent, good enough for, alike, sufficient for, adequate for, fit for, correspond to, ready for, one and the same, peer, be equivalent to, capable of, coequal, fellow, identical, like, strong enough for
Meanings of Periodic:
Occurs or happens at the scene.
It is attached to a periodic table of elements or a diagram of basic chemical properties.
Refers to the narrative era.
Sentences of Periodic
Visiting the father regularly
The weight gain gave Mendeleev, the mayor, and others some sort of way to categorize items and reveal their occasional behavior.
Synonyms of Periodic
regular, seasonal, at fixed intervals, periodical, recurrent, cyclical, repeated, cyclic, recurring
Meanings of Payment:
The act or process of paying or receiving a payment to someone or something.
Amount paid or paid.
Sentences of Payment
Ask for a discount if you pay immediately
Temporary compensation $ 2500
Synonyms of Payment
remission, liquidation, instalment, premium, remittance, amount, reckoning, discharge, settlement, clearance