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I have a question about transferring a Roth IRA. My main interest in Roth's are for the purpose of saving money for a down payment on a first time home. I know that you can withdraw all your contributions, and up to $20,000 of earnings for the purpose of buying a first time home. My understanding is that you can only do this after the account has been open for five years.

Here's my question: Let's say I open a Roth IRA with E*Trade in 1998. Then, in 2000 I decide that I would like to have my Roth IRA with Datek. If I transfer my Roth IRA from E*Trade to Datek in 2000, will the effective starting date of my Roth IRA be 1998 or 2000? It's important because of the five year requirement for withdrawing earnings.
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