Quick question for minds wiser than mine,I am self employed. I am also saving for a house. Would a withdrawl from an SEP-IRA (traditional not Roth) be considered a qualified withdrawl for a first time homebuyer like myself?Or does this "qualified" withdrawl only apply to a straight traditional IRA and NOT an SEP-IRA? Yes, the withdrawal would be penalty-free if it met all the other requirements. The only difference between a "regular" IRA and a SEP-IRA is that the SEP-IRA can receive employer contributions in addition to the $3000/$3500 employee contribution. Once the money is inside the IRA, there is no difference.Ira
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra