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Financial Planning / Tax Strategies


Subject:  Re: Want to give sister retirement and/or down p Date:  5/24/2004  2:52 PM
Author:  NaggingFool Number:  71944 of 127616

if she does liquidate the IRA for a Tahiti vacation and pay the IRS penalties then so be it.

You can always withdraw the contributions to a Roth IRA. There is no penalty (earnings are a different matter).

- Megan

(I realize it's tangental to your issues, but I wanted to make that clear.)
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