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Author: TMFExRO Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 74759  
Subject: Re: How to have my stock folio be my IRA? Date: 9/14/2000 12:07 PM
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I have a small stock protfolio that I plan to have invested long term. If I use any of the money from it it will be for thiings like my first home or education. IRAs can be used for both of these things I think. I mean with out being charge a penalty. How do I claim my stock as my IRA and how can I rollover the one I have into it. Oh I don't know it matters but the IRA and my stocks are with different companies.

You cannot move stocks from your taxable account to an IRA. All IRA contributions must be in cash. You can move your existing IRA to a brokerage, still as an IRA, and trade stocks within your IRA.

I suggest some time in All About IRAs: http://www.fool.com/money/allaboutiras/allaboutiras.htm. We'll be glad to clear things up for you if you need it.

TMF ExRO
Phil Marti
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