Re: Starting a Business vs. money in Roth
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You can't put $500 per month into a roth until 2010.
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Yes you can, you just can't do it every month of the year right now (current max is $4,000 per year).
I'd suggest putting money into the Roth if you can, and try to keep it seperate from your startup capitol (I believe after 5 years you can withdraw your initial deposits but not any earnings without penalty). You will be happy as you get older to have money just for retirement.
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I was under the impression that contributions could be withdrawn at any time without penalty. I thought the 5 year rule was just another retirement for taking qualified distributions. I could be way off base here. I just skimmed IRS publication 590 and didn't find the relevant info. Maybe someone else has a link to the rules on this.
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