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Subject:  Roth change Date:  11/14/2003  3:36 PM
Author:  cbs1956 Number:  37834 of 88486

Hi all, My husband and I (ages 47 and 48)have ~$25K total in Roth IRAs with Janus, and I'm thinking we should relocate those accounts to somewhere other than Janus. Then I got to thinking maybe we should use that money for college expenses for our kids. They are in high school now, and our current plan for financing college is selling stock purchased through our company stock purchase plan. We also both contribute the max to our 401Ks at work (~$65K current total), and my husband also has a retirement account (~$43K current total) from a previous job. Our employer also provides a small retirement account (~$20K current total). I've used several different retirement calculators to estimate what we'll need when we retire, but still feel like we're behind in saving for retirement. What do you think about applying the Roth IRA money for college in a couple of years? Thanks!

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