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The same is true if you’re rolling over monies from a traditional IRA or a standard 401(okay) to a standard IRA. Conventional IRAs and 401(okay)s contain pretax funds, while contributions to Roth IRAs and 401(k)s are made with after-tax monies. While IRAs don’t allow for loans like many 401(okay) plans do, you'll be able to borrow out of your IRA with out taxes and penalties by applying the 60-day rollover rule. Pr
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