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They are SEP IRAS.

The money was added by my previous employer before it was taxed or given to me. They basically contributed 15% of whatever my wages were to these accounts before I even saw it.

I have never rolled over anything before.

Does that help?

I am curious if taking money from these two accounts explorer and windsor 2 will cause a penalty. I am assuming it will and I will also be responsable for taxes.

Does anyone know how much I would be taxed on these accounts? My income last year was only 40k and this year way less. I have been unemployed for 6 months. I am single and live in PA. No dependents.

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