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.
Early Withdrawals. Any withdrawal from your SEP IRA before you turn 59 1/2 years old gets hit with not only income taxes, but also a 10 percent additional tax penalty because you're taking an early withdrawal. Suppose you take out $12,000 when you're 56 years old. Not only does that $12,000 add to your taxable income, but it will also cost you $1,200 in tax penalties.