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Yes. The entire rollover will be taxable. There will not be an early withdrawal penalty, however.
Once the money is in a Roth and taxes paid, the account will grow tax-free if withdrawn after age 59.5.
Yes. The entire rollover will be taxable. There will not be an early withdrawal penalty, however.
Once the money is in a Roth and taxes paid, the account will grow tax-free if withdrawn after age 59.5.
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