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Subject:  5 Year Roth Requirement Date:  1/15/2000  1:47 PM
Author:  richlocus Number:  1585 of 20632

Dear Investors:
I read that you are required to have a Roth for 5 years to take money out without taxes when you are 59 1/2. If I invest in a different fund each year for 5 years, will only the first fund count towards the 5 year limitation?

For example, Year 1 I invest in Seligman.
Year 2, I choose Putnam.
Year 3, I choose First American. Etc. Etc.
Each year, I have funds invested in Roth, but in entirely different organizations. Will all 5 contributions be considered in the same "pool" to qualify for the 5 year waiting period, or will I have to wait 5 years on each company? For example, at the end of 5 years, only the Seligman was actually there for 5 years. Does this force me to invest in the same company for five years? If all 5 investments were in Seligman, then all 10,000 should be eligible instead of only 2000.

Rich Locus
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