The relatively new festival hosts three stages with artists showcasing the diversity of electronic music at San Diegoâs Waterfront Park, and gourmet food trucks and craft beer vendors keep partiers nourished throughout the festivalâs two days. This festival page has not been claimed.
The SEP-IRA rules, like those governing traditional and Roth IRAs, include deadlines and contribution limits. The deadline for making contributions for a given tax year is the deadline for filing tax returns -- usually April 15.
Like a traditional IRA plan, contributions to a SEP IRA are generally 100% tax deductible and investment earnings in a SEP IRA grow taxed deferred. Withdrawals after age 59 1/2 are taxed as ordinary income. Withdrawals prior to age 59 1/2 may incur a 10% IRS penalty as well as income taxes.