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Author: TMFPixy Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76079  
Subject: Re: Roth Possibilities?? Date: 1/21/1998 7:57 PM
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Fundad,

<<As a follow up, if I take the funds in that sweep account and invest them within the IRA, but not necessarily in the same stock, is that considered a new contribution that impacts the annual $2,000 limit? Or is it ignored in terms of the annual contribution limit because I'm using the IRA earnings within the IRA, and not adding money from my pocket?

(I think I know the answer; just making sure...) >>

I KNOW you know the answer because you just gave it. :-) Earnings within the account do NOT count as part of the annual contribution. It is the growth on that amount, which is precisely why the money was contributed in the first place.

Regards....Pxiy
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