I am 7 years from retirement. I have a Roth which was opened
in 1996 and has not been funded except for the initial
amount of 2000.00. The earnings are very small and now I
have decided to fund this account to the max for the next 7
years, including for the year 2004. I am 59 years old.

It is my understanding that the monies that fund the Roth
can be withdrawn at any time and just the earnings would
suffer a penalty for early withdrawal. Is this true?

Does this sound like a good thing to do? can this Roth be
left to a heir with no tax consequences? thanks

--
jtc
jtamchay[at]yahoo.com

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->