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URL:  http://boards.fool.com/if-i-were-to-instead-roll-this-money-over-to-a-29127412.aspx

Subject:  Re: Simple question about 401k-to-IRA conversion Date:  2/24/2011  3:13 AM
Author:  ptheland Number:  68537 of 76418

If I were to instead roll this money over to a ROTH IRA, and pay taxes on the money, is that money considered a ROTH "contribution" and therefore available to me to withdrawal without penalty? Or am I basically completely unable to draw on these funds without penalty?

It's not a contribution. It's a conversion. You have to wait 5 years after the conversion before you can withdraw that amount and not pay a penalty.

--Peter
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