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Hi, everyone. I searched back a little bit on this board and didn't find a discussion of this question:

My wife and I, recently married have a little bit of cash in "our" bank account now. (Actually, she was the one who saved it, but...details, details, right?) Anyhow, we feel that we will not need this money until we purchase a house, which is at least 5 years down the road. (I'm in grad school now, and we don't feel a house is a great investment for the short time period here.)

We have decided that moving the maximum allowed 1999 and 1998 contributions into Roth IRA makes the most sense, since we can take out up to $15,000 when we purchase a house.

I am not a tax-law person, so I was wondering if anyone knows of any potential hang-ups with this strategy.

Also, what are the rules on withdrawing contributions/earnings if my wife were to go to grad school in a couple years?

Thank you all for your help!

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