UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next
Author: TMFExRO Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76594  
Subject: Re: How to have my stock folio be my IRA? Date: 9/14/2000 12:07 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
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.

Phil Marti
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next


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

Swiss Franc, Obamacare, Education: Common Theme
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.