shesdangerous,You probably want to Rollover your T-IRA to a Roth, rather than sell and close the account. There will be a tax consequence for rolling it from a Traditional to a ROTH, however current tax law allows you to spread that income (the IRS considers a T-IRA rollover income) evenly over 2 years in 2011 and 2012. This will change in 2011 when they full amount will be taxed in one year rather than 2. Any discount brokerage can help you rollover, probably best to give them a call.In regards to the management of your IRA account, you may invest as much or as little as you please. You may trade in and out at will and are not required to hold a stock until a certain age, however you will not be able to withdraw money from that account until 59.5 (except for special circumstances which is a different conversation all together). I hope this is helpful. If it needs more explanation please let me know.TheValueDude
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