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Personal Finances / Credit Cards and Consumer Debt


Subject:  Re: Roth IRA vs CC debt Date:  2/26/2009  6:39 PM
Author:  michaelg100 Number:  285545 of 312293

If you take money out of an IRA you will be taxed on that money and pay a penalty. Since you have a RothIRA which is funded with after tax dollars, i'm not sure if you will be taxed, but you will pay a penalty.
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