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Subject:  Re: Roth IRA Date:  2/4/1998  1:04 PM
Author:  vtaeger Number:  1621 of 78166

Pixy Wrote:
<<As to using the money for education or a new home purchase, keep in mind that all that's avoided when the withdrawal is for those purposes is the 10% penalty for early withdrawal. Ordinary income taxes must still be paid. Also, remember the home purchase withdrawal has a lifetime limit of $10K.>>

It's my understanding that for a contributory ROTH you
can withdraw contributions tax free and penalty free
at any time and for any reason.