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URL:  http://boards.fool.com/is-there-a-way-to-designate-my-datek-account-as-an-11107377.aspx

Subject:  Re: FF and a tax (lc) fool Date:  8/1/1999  2:34 PM
Author:  TchrP Number:  12685 of 78167

Is there a way to designate my Datek account as an "untouchable" retirement account since I won't be selling to garner income, but rather to re-invest? Is it all a wash if I reinvest anyway, save for long-term capital gains? Do I understand what I'm asking? Am I just asking the wrong questions?
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You can't "designate" any existing account as an IRA. You would have to open a new account, using the correct IRA application -- not a regular account application.

Also, you can't transfer any stocks or mutual-fund shares into an IRA, unless they are already in an IRA. You make IRA contributions with cash, and then use the cash to purchase shares within the IRA, if that is what you want to do.

Now: if you have, or contemplate, various kinds of investments, it usually makes sense to use the IR