I used to be a Department of the Army Civilian. Iparticipated in the Thrift Savings Program, which issimilar to a 401(k), but under the tax laws, is not.Still, my contributions were tax deferred. I am nolonger a Federal Governement Employee and would liketo roll-over this money to 2 Roth IRAs...right now,it's about 21K, minus 20% taxes upon roll-over.Florida is a community property state and I wouldlike to roll over half to my Roth IRA, half to mywife's Roth IRA. Neither one of us have any IRA,but I now contribute to my employer's 401(k) plan.The kicker is that I work overseas and have a taxexclusion up to $70K....I will pay some tax this year,because of extra pay and investments.Our Goal is to each borrow $10K for a first time houseand borrow more from our mutual fund investments...What if we buy the house before the 5 year roll-over?What if we buy the house after the 5 year roll-over?Thank you for your time.John D. KotsayOperation Joint GuardBosnia-Herzegovina
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