Message Font: Serif | Sans-Serif
No. of Recommendations: 0
I'm 28 years old and my employer doesn't offer a 401K. I've got a traditional IRA with American Century, but I'd rather manage my investments myself and I've got a few questions before I pull the trigger.

1. Can I close my American Centruy T-IRA take that money and put it into a Sharebuilder Roth IRA account without paying taxes on it?

2. If I can do that, what happens if I want to sell a stock in my Roth IRA Sharebuilder account? Can I sell it and leave the profits in the account or do I have to buy another stock or etf with the principle & profits? I guess what I'm trying to say is can I manage my investments in the IRA account the same way I would manage them in a standard online brokerage account or do I have to keep the stocks I purchase until I'm 59.5 yrs old?

I could really use some advice on this. I just don't know what to do and I don't want to get eaten alive by Uncle Sam when my time comes!
Print the post  


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.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! 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.