Roth ira


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Feb 15, 2010
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I am over 71 years and converted my IRA to a Roth.The following questions now arise.
1.I understand I must pay taxes on the converted amount.

2.Can I withdraw funds up to the converted amount(to pay taxes) without paying any additional tax?
3.Is it true I CANNOT make any withdrawals for the next 5 years without tax consequences except for the remainder of converted funds I have already paid taxes on.
Any help would be appreciated.
 
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