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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 75890  
Subject: Re: Roth IRA question Date: 7/1/1998 11:07 AM
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Greetings, Chuck, and welcome.

<<I'm starting a new Roth IRA with a discount broker. I'm a bit confused about owning and tading stocks within your IRA. Let's say I bought 100 shares of company X for $20 each. That's my total contribution for a year. In six months, those shares are $30 and I want to sell them. Now my IRA has $3000, can I keep it all there or do I have to move $1000 of it elsewhere?>>

All the money may stay within the IRA, to include the earnings. If next year your shares are worth $3K and you sell them, then you will have $3K (less trading costs) with which to buy new stocks. Alternatively, if you want to move some of it to another Roth IRA (I don't know why you would), then you can do that, too.

Regards.....Pixy
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