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|Subject: A few IRA questions||Date: 9/11/1999 1:54 PM|
|Author: madmoon||Number: 13851 of 74536|
Forgive my ignorance but if anyone can help me I would greatly appreciate it.
I am setting up a Roth IRA. If you are buying stock, I assume you have to keep the purchase below $2000 per year. So after buying the amount of shares that add up to an amount below $2000 you would always be contributing a little less than the full amount. With an index fund you could just send in checks that add up to $2000. Is this the only way with stock purchases?
Also, how do you use a money market sweep account associated with IRA to accumulate money for stock purchases? Is it considered contribution?
I can't find anything that makes this stuff clear to me. Any help would be appreciated.
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