UnThreaded | Threaded | Whole Thread (7) | Ignore Thread Prev | Next
Author: TMFPixy Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76418  
Subject: Re: Roth/Stocks Date: 1/22/1999 1:54 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
Greetings, Spicyg, and welcome. You asked:

<<I just read "You Have More Than You Think," and I have questions about the Foolish Four. You say hold the 4 stocks for 18 months due to tax implications but what if you have these 4 stocks in a Roth account ---how long should you hold them before you review and determine if you should keep these stocks or invest in different stocks? Can you turn stocks in the account without tax implications?>>

Within a Roth IRA, there are no tax implications on gains. The holding period of 18 months was for folks using taxable accounts so as to allow them to receive favorable long-term capital gains rates on sales of shares. Also, since the book was published, the law was changed again to allow a long-term capital gains rate to be used for shares held longer than 12 months instead of 18. Thus, in either the Roth or the taxable account you may use a 12-month anniversary date for the Foolish Four should you prefer. Actually, it's 12 months plus one day for the taxable account.

Regards….Pixy

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (7) | Ignore Thread Prev | Next

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Looking at Currency Ratios
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement