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Author: reyrey1332 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76418  
Subject: Roth account question Date: 11/19/2007 3:14 PM
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I currently have a taxable investment account and my own Roth IRA account with TD Ameritrade. The taxable account is a joint account with my wife and our intentions for it were to use on our kid’s college education if they needed help. Our oldest son is only 4, so we have 14 years or so for the money to grow in that account. I would say we invest 2/3 of our savings in that account which holds several solid mutual funds. I currently only allocate 1/3 of our savings into my Roth.

Here is my question: I learned that you can withdraw 100% of your Roth contributions at any time without a penalty. I did not know this when we first opened up the taxable account. Would it be more beneficial for us to liquidate the entire taxable account and transfer all the money into my Roth? Then, if we do need to use money for our kid’s college we can…

I guess I just want to do whatever will make me more money in the long run, and since a Roth grows tax free…why not move everything into it? Am I right?



And, I am aware of the $4000/yr max contribution…
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