Early Withdrawal

Question: I am out of work. I have a SEP-IRA. Can I borrow money from it tax free rather than just withdraw funds.?

Answer: No. You cannot borrow from a SEP-IRA or IRA, but you may be able to roll a SEP-IRA or IRA into a Solo 401k and then borrow from it.

For a Solo 401K, you may borrow up to 50% of your account balance (up to a $50,000 loan) and repay it over five years (or longer, if the loan is used to acquire a principal residence). Interest is paid back into your own 401k plan at around prime plus 1%. The interest paid is expressly nondeductible, regardless of the purpose of the loan.

Personal Finance & Investing : How Does a Roth IRA Work?