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Hi All,

A few months back (before I found this site) I opened a Roth IRA with $2,000. It's a high growth international type of fund with 2.5% fees. The fees are obviously high based upon what I have read

I had heard on CNBC (take it easy, this was before I found and someone there mentioned that you could take out the original amount penalty free. But the company that the fund is with says I have to pay a 10% penalty if I take it out before 5 years.

I have a student loan with 8.5% rate. I was thinking about cashing in the Roth to pay down on the loan.

Is this a bad idea or a good one?

By the way the fund has lost money ever since opening the account, but it's close to what it was when I purchased it.


Steve Rowden
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