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I've got what are probably simple questions but I'm not finding them readily in one place online.

I am in my mid-40s and would like to take the money from my SEP and put it in my ROTH, which I've had for about seven years.

I realize I pay taxes on the SEP distribution.
Is that my current rate (15%) ?

Are there additional taxes or penalties involved?

Will the rollover funds need to sit for five years before I have access to them without penalty or tax?

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