Don’t Make A Sep Ira Withdrawl Early Unless You Know What You Are Doing.
You don’t want to make a sep ira Withdrawl early unless you want a 6% penalty. You can do it but only under specific exceptions allowed by the government. I checked with my CPA and found that there are some exception rules I had to compare to my reason for wanting to make an early withdrawal. When we found that my reasons for needing the withdrawal matched one of the exceptions I was advised on the proper way to do it. Needless to say I made the withdrawal and didn’t get a penalty, otherwise I would not be here telling you about it. SMILE.
