There is usually a 6% penalty if you make a You can make a sep ira Early Withdrawl. There are some specific way and circumstances where you can with draw fund from your You can make a Sep Ira without running into that penalty. If you fall within the right circumstances and do it write you won’t have any problems. I had one of those situations and with the advice of my Tax Guy I made the withdrawal and had no penalty. It is always good to get advice before you do something like that to make sure you stay out of trouble, like I did.