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Greetings, Rufford, and welcome.

<<I am considering opening an IRA account with a discount broker. Just want to confirm some info.

It is my understanding that money invested in an IRA account (Roth) can be managed like any other investment account as far is how it is invested in stocks Mutuial funds etc. There are no restrictions on trades or moving the money from one investment type to another. Only the normal fees associated with those transactions. The only limitations are on how much money can be put into the account over a given time and how the money can be removed. Is this true?

Also, are there any rules about incremental deposits in the account vs the anual limit all in one deposit? I would like to start an account with the $1000 I have now and start earning intrest on that. Any reason to wait till I have the full $2000?>>

As Sandeep pointed out, your understanding is correct. With a self-directed IRA you're free to do pretty much what you want with the exception of trading on margin. That technique in effect is pledging your IRA as collateral on a loan, which is a no-no.


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