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Author: TMFPMarti Big funky green star, 20000 posts Home Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121219  
Subject: Re: Another Roth over-contribution question Date: 12/27/2004 12:40 PM
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What would you recommend I do with the withdrawal? I think I'll be in the same boat for 2005 (Yay for high AGI!) and I'm only 31. Do you think I should do a non-deductible IRA? Is there a lot of benefit in that strategy, assuming I want to retire by the time I'm 41, and I'll need investment $$ to live on until I reach 59-1/2?

Given your plan, I'd go with a regular taxable investment account. Long-term capital gains and dividends will be taxed at a favored rate, and you'll have penalty-free access to the funds at any time.

Phil
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