Withdrawals from SEP for College Tuition?
Is the 10% penalty waived for early withdrawals from a SEP if the funds are used for qualified educational expenses? Do the early withdrawal rules for SEPs work the same as for traditional IRAs?
Is the 10% penalty waived for early withdrawals from a SEP if the funds are used for qualified educational expenses? Do the early withdrawal rules for SEPs work the same as for traditional IRAs?
Permalink Submitted by Anonymous (not verified) on Tue, 2009-11-03 22:58
A SEP IRA is a regular IRA so same rules.
(difference is how contributions come in; same out rules)
pmk