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<<I want to use the IRA for MI, but hope to be able to withdrawl some of the money by age 50 or earlier>>

You can't. They wrote the law purposely to make people use it for RETIREMENT. Hence the name: Individual Retirement Account.

If you want to spend your investment gains before retirement, invest in a taxable account and hold long enough to get LTCG rate. If you are really stingy, buy QQQ or XLK or SPY and hold until you want to spend the money--your money will compound without deduction for taxes until you finally sell.

Ray

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