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For my 2007 Roth IRA contribution, I'm considering rolling over a SEP I started a few years ago. Am I correct that:

1) I have to pay the 10% penalty for early withdrawal (I'm under 59 1/2)
2) I have to pay Fed/State income tax
3) I have to pay both in 2007 (the year I do the rollover)
4) I have to have at least as much earned income as the rollover amount

any other considerations?
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