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Financial Planning / Tax Strategies


Subject:  Close roth account Date:  6/27/2013  4:28 PM
Author:  buck4u Number:  118770 of 127752

Not knowing enough I agreed to invest $500 into a Roth IRA account on advice from a financial advisor (I know!). The account after 5 years is only worth $324. I am closing the account and wanted to know if I can claim the loss on my income taxes? I have a 401K thru my work that has done great, so I don't want to invest the money in another roth.
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