I used to be a Department of the Army Civilian. I
participated in the Thrift Savings Program, which is
similar to a 401(k), but under the tax laws, is not.
Still, my contributions were tax deferred. I am no
longer a Federal Governement Employee and would like
to 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 would
like to roll over half to my Roth IRA, half to my
wife'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 tax
exclusion 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 house
and 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. Kotsay
Operation Joint Guard
Bosnia-Herzegovina