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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.

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