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SIE Exam Practice Question 899

Question: 899

For the substantially equal periodic payment (SEPP) exception to apply for premature distributions from a retirement plan, payments must continue for __________ or until the participant is __________, whichever is longer.

Correct Answer: A

Explanation:

For the substantially equal periodic payment (SEPP) exception to apply for premature distributions from a retirement plan, payments must continue for 5 years or until the participant is age 59 ½, whichever is longer.

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