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|Subject: Newbie ROTH tax question||Date: 3/31/2005 1:29 PM|
|Author: Calyxia||Number: 45371 of 81588|
very newbie-esque question:
I have a brand spanking new Ameritrade ROTH-IRA, consisting of a couple of American Funds products just transferred over from another broker. I want to sell those, and invest in a couple of index funds.
I just want to make sure that there are no tax consequences incurred by selling off the one, temporarily having the ROTH full of cash, and then buying the new funds.
It's my understanding that my investment, in whatever form, is protected from taxes as long as it stays within the ROTH, but I want to make sure before I do anything foolish...er, "dumb".
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