You must take equal withdrawals for at least five years or until you become 59 ½ years old, whichever is longer.
You must make at least one annual withdrawal using the IRS’s approved calculations.
You can only end your SEPP plan in case of disability, death, or depleted balance. If you end the plan before its required date, you may have to pay penalties.
You cannot make contributions or take withdrawals from the account linked to your SEPP plan until five years and one day has passed from your first withdrawal.
Keep in mind you may still make contributions and take withdrawals from any other retirement accounts you may have.