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Author: ratzel Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75381  
Subject: IRAs and stocks Date: 3/11/1998 1:10 AM
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Hi. Will you direct me to some information about setting up and IRA in which one's money can be invested in the stock market? I think it would be good to use the 2234 method and apply it to an IRA and reap the tax advantages from it. But can you buy and sell the stocks in which the IRA monies are invested every 18 months and a day, even though you do not withdraw the money. You know, just redistribute where the money is. Also, do you know of any type of 401(k), or 457 etc for federal government employees which are not garunteed retirement, ie. military people? I've heard that there is a little known type of retirement vehicle out there waiting for military people like us who need to be able to put away more than $2000 a year and not get taxed til retirement.
Thanks for your time. I'm reading the second book. So far so good.
dave
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Author: TMFPixy Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 2181 of 75381
Subject: Re: IRAs and stocks Date: 3/13/1998 1:25 PM
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Greetings, Ratzel, and welcome.

<<Hi. Will you direct me to some information about setting up and IRA in which one's money can be invested in the stock market? I think it would be good to use the 2234 method and apply it to an IRA and reap the tax advantages from it. But can you buy and sell the stocks in which the IRA monies are invested every 18 months and a day, even though you do not withdraw the money. You know, just redistribute where the money is.>>

Any broker can help you do this. Just contact the broker of your choice and tell that agency you wish to establish a self-directed IRA within which you may trade securities. The broker will send you the necessary forms to do so.

<< Also, do you know of any type of 401(k), or 457 etc for federal government employees which are not garunteed retirement, ie. military people? I've heard that there is a little known type of retirement vehicle out there waiting for military people like us who need to be able to put away more than $2000 a year and not get taxed til retirement.>>

Sorry, but there is no other tax-deductible vehicle except an IRA (subject to AGI limits) available to military or civilians. On a nondeductible basis you may achieve tax deferred earnings in IRAs and insurance (yuk!) vehicles, but that's it.

Regards…….Pixy




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