The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  Re: Roth Cash In? Date:  12/8/1998  2:24 AM
Author:  RandomThoughts Number:  6870 of 128275

scrowden said:
But the company that the fund is with says I have to pay a 10% penalty if I take it out before 5 years.

If you cash the Roth in, you pay the 10% penalty. BUT, what they are not telling you is that you can have it transferred directly to ANOTHER mutual fund, even at a different mutual fund family, and not have to pay the 10% penalty. That will get you out of the bad investment.

Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us