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I currently have a 401k in some Vanguard funds that I'm about to roll over to some Fidelity funds. A friend of mine is telling that I could roll all or part of this (about 80k) into a Roth IRA. Of course, I understand that I'd have to pay the tax..say 28%. Oh yeah, I'm 44 years old. My questions are: Can I do this with no penalty? Can I invest the whole amount? Would you do this? What are the advantages and disadvantages. And... am I asking too many questions? THANKS!
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