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Old 12-01-2005, 03:24 PM
lastsamurai lastsamurai is offline
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Join Date: Mar 2005
Location: la la land
Posts: 222
Default Re: SEP IRA Tax Question

Because
1. It lowers your AIG and puts you in a different tax bracket.
2. you could always use 10K from your ira if you are a first time home buyer as a down payment. The loop hole to is rule is you are considered a first time home buyer if you havent own a house in 2 years.
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