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I AM A 40 YR OLD SELF-EMPLOYED FIRST TIME FOOL

I HAVE A FEW QUESTIONS AND WOULD LOVE SOME FEEDBACK

1) I HAVE READ THE POSTINGS ON RESCUING A
DYING IRA FROM THE HANDS OF A DISINTRESTED INS. GUY. MY QUESTION IS CAN THEY (THE INS.GUY) PENALIZE ME FOR TRANSFERING THESE FUNDS TO ANOTHER ACCOUNT?

2) IF I LEAVE THIS ACCOUNT A REGULAR IRA. CAN I OPEN A ROTH IRA AND FULLY FUND BOTH IN THE SAME CALANDER YEAR.(IE 4K)

3) IF NOT WOULD IT BE BEST TO SELF-MANAGE THE ORIGINAL IRA, FULLY FUND THE ROTH AND
CONTRIBUTE AS MUCH AS POSSIBLE TO A SEP.

ANY INPUT WOULD BE GREATLY APPRECIATED!

FOOLDOM IS FREEDOM

THANKS FOOLS!!
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