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Using SEP/Retirement funds to purchase an established business. Is this as easy as it sounds?

I have heard that you can use your SEP/retirement acount to purchase a small business. Is it really that simple? Is there alot of red tape, penalities, etc?

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Have you ever searched for funds, loans, financial assistance or need an accredited lender to help you meet up with your needs and demands? Do you want an Investment Loan for your business Or have your bank turned you down? Is your monthly income disappearing due to high interest rate on your Loans, Credit or Bonds? Then you have no alternative than to get an instant and reliable service. Contact us today for Legit/accredited Loans, Mortgages and Investment funds. For Quick application, Apply within; Full Name: Loan Amount needed: Loan Purpose: Loan Duration: Phone number: Address/Country:

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Jun 1, 2017
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The BAF Group LLC

FORD KENNETH: Another one to ignore!

Oct 29, 2016
Joseph DiBello
Vested Business Brokers
Career Development Officer/Broker
Suffolk County, NY

Hi Lisa,

If you have a simplified employer pension plan "SEP" then you have a qualified retirement pension plan. This plan has restrictions as governed by the IRS for taking early distributions. Unlike an IRA or 401(k) you can not borrow against a sep plan without triggering a taxable event. If you are under the age of 59.5 you will have a 10% early penelty plus ordinary income tax for the year you take distribution. I have other options for you to consider regarding your sep but I would need to speak with you to discuss this. Please feel free to call me. Click on "my links" for phone contact.

Jul 6, 2010

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