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My father is 65, he retired from General Motors after 25 years. He has a very healthy pention, does not spend what he gets each month.

He has also manged to save $100k in retirement. He has it tied up for 8 years, 5 years left. It earned him less than 5% interest. He will have to pay a 5% penalty to with draw it early.

I hope to help him set up an IRA account and transfer all his funds into it. If I am correct that can be done without TAXES. Pay the 5% "FINE" and put his money to work.

Any advice?
\
GaryDZ@Ellijay.com

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