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<blockquote data-quote="Allen" data-source="post: 292867" data-attributes="member: 389"><p>By "same type of account" you mean similar stocks, mutual funds, etc, the answer is yes. However, you would have to pay taxes on that $50,000 you take out of your retirement account to put into the Roth. So I your marginal tax bracket is 20%, you would only have $40,000 in your Roth after it is all said and done (unless you use some other savings to pay the taxes, I'm assuming you'd pay the taxes out of your retirement funds). </p><p></p><p>Anyway, now you have $40k that can grow tax free.</p><p></p><p>Good deal? Only you can be the judge of that.</p></blockquote><p></p>
[QUOTE="Allen, post: 292867, member: 389"] By "same type of account" you mean similar stocks, mutual funds, etc, the answer is yes. However, you would have to pay taxes on that $50,000 you take out of your retirement account to put into the Roth. So I your marginal tax bracket is 20%, you would only have $40,000 in your Roth after it is all said and done (unless you use some other savings to pay the taxes, I'm assuming you'd pay the taxes out of your retirement funds). Anyway, now you have $40k that can grow tax free. Good deal? Only you can be the judge of that. [/QUOTE]
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