I don't have a reply to the question. Rather I'd like to tag onto the question, since mine is kind of an extension of the original.I also want to transfer money from my mutual fund account into a Roth IRA. This is the only way I'll be able to make a Roth IRA contribution this year (no "extra" cash on hand!). My mutual fund account is a taxable account, and I've already been informed that the sale of shares will be a "taxable event."I'd like any feedback anyone can offer as to whether or not this is a Foolish thing to do. It seems obvious that the long-term tax benefits of the Roth IRA will far outweigh any tax I'll have to pay on capital gains. But I want to be sure I'm not overlooking anything that is important for me to consider.One additional piece of info. that may or may not be relevant: my mutual fund shares have been bought in small increments through regular monthly contributions. It will take some work to even figure out what my gain will be.I'd appreciate any thoughts or insights anyone can offer.Thanks.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra