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Author: Sirfishy Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 25235  
Subject: After the rollover Date: 2/3/2000 10:32 AM
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I need some foolish help. I've made the decision to transfer an old 401k to an brokerage IRA rollover for more control. I've read through a lot of the postings here and understand only one rollover per (year&day). I'm in for the long haul, but I also what to make short term investments. I don't mean daytrading either. If all the money in the 401k was pre-tax and I have the rollover directed to the new IRA reciever, how do I separate part of it out to use for other investments? I want to end up with a 30k fund whereby if I end up with gains, I'm able to withdraw it to use for funding some other business ventures. After I rollover, am I still gonna get hit with early withdrawal penalties plus my tax bracket or should I wait a year and transfer the 30K to a ROTH IRA, pay the tax and then start investing. My goal is to be able to use some of my gains now at age 40. I got almost 20 more years before 59 1/2 and feel as though
I have done pretty good thus far having 220K in the 401k account. Any foolish commentary or suggestions would be helpful.
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