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Thanks everyone.

...however, because such a withdrawal is NOT one of the Roth IRA qualified distributions that escape income taxes, you still must pay income taxes on that money.


Pixy, that does clear things up a bit.


To answer your question JLP, I'm 27. I'm getting married this July and I'm exploring ways to pay down my future wife's grad school loans (approx $150k by 2010). The idea of completely untaxed earnings seemed too good to be true and it looks like it is.

I appreciate all the prompt help!

ofp
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