I am thinking about opening a discount brokerage account for my ROTH IRA. Can one buy share of stocks and then sell them within the ROTH IRA account?Yes.Beside the transaction fees charged through the discount brokerage, is there a penalty for doing those transaction?No.Is there a time frame limit that you must hold on to your stock before selling them? For example, in your regular stock account (not retirement), if you sell your stock less then a year, you would pay higher penalty taxes then if you sell them after a year. Does that restriction applies to the retirement account, especiall ROTH IRA?No. As long as the money stays under the IRA umbrella, there is no current tax implication.I am thinking of seeking out a tax advisor regarding if I should roll over my traditional IRA to ROTH IRA. Do any of you know a good tax advisor who is not too expensive? The tax law part of this is simple: unless you've made nondeductible contributions to your traditional IRA, the amount converted will be an ordinary income distribution to you in the year of conversion. For thoughts about the "should I?" part of converting, you'll find a lot of them in posts on the Retirement Investing board in the Managing Your Finances folder.It sounds to me like you could benefit from some reading in All About IRAs: http://www.fool.com/money/allaboutiras/allaboutiras.htm.TMF ExROPhil Marti
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