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JohnnyAngel writes:

I am a new investor and am planning on adding to my IRA. I was just wondering... if I want to change the stocks in my IRA, there is no penalty for that. Right? It just costs the commission on the trade? The only time that I would be penalized is if I cashed out my stocks? If so... wouldn't I have to sell my stocks to buy the new stocks and would that be considered an early withdrawl? Thanks in advance for any help!

I reply:

You can sell your stocks for cash without penalty (other than commission, as you note), so long as you keep the proceeds within the IRA "umbrella." So you're right: subject to commission (which must be paid from within the IRA), you may trade as often as you deem prudent. Good luck! --Bob
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