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What are the Withdrawal rules for SEP IRA?

You can withdraw the amount in a SEP IRA at any time; however, if you withdraw before age 59½, you will incur an additional 10% penalty. 

Exceptions to Penalties

• Disability
• Certain higher education expenses
• Amount to buy, build, or rebuild a first home
• As a result of an IRS tax levy
• Certain qualified unreimbursed medical expenses
• Health insurance premiums while unemployed