August 24th, 2008
Withdrawals From SEP IRA
Participants can not avail loans from their sep ira. However withdrawals can be made at any time and these amounts can be rolled over tax free to another SEP IRA or traditional IRA. Distributions from SEP IRA, that are not rolled over to another plan is subject to income tax and will attract an additional 10% tax, if the withdrawal is made before the age of 59 ½.
