SEP question

May 16, 2008 1 Replies
W

Could a person take money from a company SEP (which he works for) and use the money to buy stock in the company (which he works for) without penality?


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J

Why not? You might need to roll the money into some account (traditional or Roth IRA, whichever is the proper successor to a SEP) where you can manage the investments, if the SEP doesn't already allow you to do that.

-------------------------------------- Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup.

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