UnThreaded | Threaded | Whole Thread (8) | Ignore Thread Prev | Next
Author: AndreDavis One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76398  
Subject: Question on Retirement Investing Date: 12/18/2007 8:04 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
This is probably a really stupid question but if I set up a Roth account with an online broker, am I free to buy/sell stocks as much as I want within this account without being charged taxes from the govt on its growth? I've never had the opportunity to actually buy stocks with a retirement account because my 401K has always been in Vanguard Mutual Fundss offered with my company's plan. A year ago I started putting month into a Roth and decided I would rather have control over it than letting the financial planner collect on the front end of the Mutual Fund he recommended.

So, I set up a Roth account at FolioFN.com and had the funds from the other Roth account sold to cash and transfered into this new Roth account I have added onto my FolioFN account (it is separate from my non-retirement stuff there).

I do understand the difference between retirement investing/funding and regular investing accounts. I just wanted to make sure I was free to buy/sell anything (such as stocks) with the Roth just like I do with my regular (non-retirement) account so long as I don't take money out of it due to the penalties.

Thanks in Advance,
Andre
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (8) | Ignore Thread Prev | Next

Announcements

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

Economic Implications of Cuba
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.
Advertisement