Is there any way to take the money out of a SEP-IRA?

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Is there any way to take the money out of a SEP-IRA?

Since my boss puts the money in on my behalf..is there anyway for me to take it out?

2006-07-28 05:26:31 · 2 answers · asked by Anonymous in Business & Finance ➔ Personal Finance

2 answers

You can I believe take out a loan--most employers allow 50% of your vestedbalance. This is the best way, since you will be paying interest to yourself

2006-07-28 05:29:40 · answer #1 · answered by paanbahar 4 · 0⤊ 0⤋

Check with a good CPA, you take it out, you pay it back, yoou pay a tax penaltyy of 10% plus interest.

2006-07-28 12:59:12 · answer #2 · answered by Anonymous · 0⤊ 0⤋