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Re: CancunCharlie post# 44458

Tuesday, 12/14/2010 11:28:12 PM

Tuesday, December 14, 2010 11:28:12 PM

Post# of 83074
Basically correct....

"I can’t withdraw from the account for at least 5 years, but I can sell and hold and NOT PAY TAX. Not now, or when I withdraw after age 59. This sounds GREAT, especially if SGCP goes up 10,000%!

1. You can withdraw your contributions..the money used to fund your account..penalty free..if the need arises.

2. You can withdraw profits at any time but you will be subject to early withdrawl penalty.