KimberW
Employee Tax Expert

Retirement tax questions

That's correct.

 

From Question 2 of that same IRS Q&A (Substantially Equal Periodic Payments) -- I've added the bold

 

Once the SoSEPP is established, the taxpayer cannot make any additions to the account, nor take any payments from the account, other than the SoSEPP payments. Changes to the account due to investment experience do not affect this prohibition against making additional contributions to the account or taking distributions from the account in addition to the annual payment under the SoSEPP.

 


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