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This may sound silly, but posting a message in all caps is considered shouting. Please use lower-case.

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?

The short answer is that it depends on your account agreement.

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)

No. 2K is the most you can contribute between a regular and Roth IRA.

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.

It's the TMF's opinion that it is always better to self-manage any investment account.

Zev
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