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Subject:  Re: 401k distribution Date:  1/9/2004  3:43 PM
Author:  baldguy13 Number:  38442 of 88540

I'm starting to confuse myself.

I understand that will reduce the investable dollar amount, but I thought I also heard that there was no early withdrawal penalty for closing a Roth (the caveat being you couldn't open another one for a year). If this is the case, you would have to pay early withdrawal penalties on the traditional IRA to open the Roth?

-thanking you guys for all your answers
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