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I am in my early twenties and have about 3 thousand dollars (Total) sitting in two separate mutual funds. I wanted to tranfer this money (I guess I would have to sell shares) into a Roth IRA and invest the left over in stocks therefore abolishing my participation in mutual funds. Is this Foolish in light of the fact that I will have to pay taxes on the funds I sell? Also, do you think it is better to have the Foolish Four or Index fund as the backbone of my Roth IRA.
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[[I am in my early twenties and have about 3 thousand dollars (Total) sitting in two separate mutual
funds. I wanted to tranfer this money (I guess I would have to sell shares) into a Roth IRA and
invest the left over in stocks therefore abolishing my participation in mutual funds.]]

Fine...

[[ Is this Foolish in
light of the fact that I will have to pay taxes on the funds I sell?]]

But only you know how much in taxes you'll have to pay. And only you know the return that is being provided by your mutual funds. So you have some research yet to do.

TMF Taxes
Roy
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