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I am almost 62 and have a sepira that I would like to withdraw a small amount from for specific use. I am employeed with a co. 401 at this time that would remain. We file jointly (wife employeed also). What will the tax burden be on any money I withdraw, does it go as ordinary income & are there any penalties to surprise me? Thanx for any help! Some of the SEP is in stocks, some in CD.
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