age 55 excepttion

L1: age 55 excepttioni am self emplyed, have a sep-ira account. if i quit working at age 55 can i take money from my sep-ira without penalty? if so what paperwork needs to be filed with the irs, or sep-ira trustee? read about age 55 exception in ed slott’s book, however it is very vague to me. seems to indicate one can take money prior to 59 1/2 without going the 72t route. but i can’t tell if a sep-ira is covered.2006-01-25 08:45, By: chuck, IP: [65.54.155.43]
L2: age 55 excepttionThe age 55 exception applies to employer sponsored retirement plans – it dopes not apply to any type of IRA.2006-01-25 09:00, By: Gfw, IP: [172.16.7.101]

L2: age 55 excepttionthanks for the response.2006-01-25 09:50, By: chuck, IP: [65.54.98.110]