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PinkElephant

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PinkElephant

Re: vtbound post# 4425

Saturday, 02/10/2007 2:54:22 PM

Saturday, February 10, 2007 2:54:22 PM

Post# of 51429
I am doing HMGP both ways. I have some in my IRA and some in a cash account. The IRA works great for long holds like HMGP, but the cash account is a margin account which works much better for flipping.

Anyway, if you are really ready to retire on your IRA and aren't 59.5 you can still avoid the 10% penalties. There is a way to set up a regularly yearly distribution without paying the hit. Unfortunately, once you start it you can stop so you have to make sure you are really ready to do it.
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