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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
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