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Subject:  Re: Opening ROTH IRA Date:  8/6/1999  2:35 PM
Author:  moseykitty Number:  12900 of 81370

open Roth IRAs for myself and my wife, so the money is still available for an emergency


I think there are penalties for withdrawing contributions to a Roth that haven't been in place for 5 years (5 year rule?). If true, these would prevent the funds from being used in an emergency.

You can probably can find details in Pub. 590.
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