Definitions for "Sepp "
Keywords:  ira, withdraw, irs, scarborough, rmd
Substantially equal periodic payments. 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.
an IRA, so the participating employee may withdraw the employer contribution as soon as they are made, defeating the purpose of providing retirement income
Substantially Equal Periodic Payments (SEPP) allows an individual who retires before age 55 to take penalty free distributions. Under SEPP the IRS requires that you take withdrawals whose annual amounts can't be changed without penalty for 5 years or until you reach age 59 Â1/2, whichever is longer. These payments are usually taken monthly. The IRS sets forth guidelines on the maximum allowable amount a participant can take and Scarborough will calculate that amount for you. A participant can take up to the maximum amount or any amount less than that for their SEPP period. The IRS permits a one-time switch in your SEPP calculation method to the RMD (required minimum distribution), which can change your annual distribution* for the remainder of your SEPP period. *RMD methods will generally decrease your SEPP amount.
Keywords:  sst, cybercash, gte, mastercard, merged
Secure Electronic Payment Process. A proposed specification that merged with SST resulting in the SET standard for secure e-commerce transactions.
Secure Electronic Payment Protocol, open specification for secure bank card transactions over the Internet. Developed by IBM, Netscape, GTE, Cybercash, and Mastercard.
Sepp is a version of the classic sliding puzzle game in which the properly ordered tiles form a picture. The picture is user-selectable, as is the tile-grid geometry. Additionally, Sepp implements an innovative kind of player aggravation: based on a user-configurable degree of evil, it decides, during each animation frame, whether it will disturb a tile while the game is in progress.
Keywords:  estonian, smith, family, meaning, name
Sepp is an Estonian family name meaning "smith".
Keywords:  processor, package, edge, single
Single Edge Processor Package