SIE Exam Question 1029: Answer and Explanation

Question: 1029

Which of the following is the minimum age requirement to use the substantially equal period payment (SEPP) exception to the 10% premature distribution penalty from an IRA?

• A. Age 21
• B. Age 59 ½
• C. Age 65
• D. There is no minimum age requirement.

Correct Answer: D

Explanation:

The substantially equal periodic payment (SEPP) exception to the 10% premature distribution penalty has no minimum age requirement.