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Subject:  Re: Bloomberg book section on Roth Date:  7/24/2000  9:34 AM
Author:  TMFPixy Number:  23587 of 106079

Chester asks:

<<Is there any minimum waiting period to withdraw penalty free from a Roth IRA contributions recharacterized from a traditional IRA? >>

I assume you're using "recharacterize" to mean a regular annual contribution to a traditional IRA that has been changed to be an annual contribution to a Roth IRA. If so, then there is no waiting period.

OTOH, if you're talking about money that you converted from a traditonal IRA to a Roth (i.e., money deposited in previous years), then that money must remain in the Roth for five tax-years before withdrawal or it will be assessed a 10% early withdrawal penalty.

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