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Author: JeffVarga Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76395  
Subject: Transfer Partial funds between Roth accounts Date: 12/8/1999 10:16 AM
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Is it possible to transfer PARTIAL funds between Roth IRA's held by different companies without rolling over the entire Account and closing it out?

For the last few months, I've been doing lots of reading, and I think I've finally come up with what I want to do, but can I?? I've not seen it discussed on any boards anywhere, so here goes...

Background: We're 30ish, debt free (other than mortgage and car loans), and have 401k and Pensions building - so this money is "icing on the cake", not the "whole enchilada".

I'd like to open a trading account (Suretrade, Ameritrade, etc.) as a RothIRA (tax year 1999). Start with the $2000 max and jump into the one of the Investment Screens (Foolish4, or something more active like a Monthly Trader FlareOutGrowth screen).

Shortly thereafter, I'd open another RothIRA (tax year 2000) over at Vanguard in their S&P 500 Index. Probably start with $1000 here and add the other $1000 I'm allowed for Y2k into the trading account.

What I'd like to do, then, is: any time my trading account posts any significant gain, I'd like to skim 10-20% (of the earnings) off the top and send it over to the the Vanguard Index Roth. I know the Index has no guarantee, but over the next 25 years, I'm sort of considering that my "safe zone". Its sort of like when I play BlackJack and skim off some chips after a few good hands.

Everything I seem to read about funding Roths talks about regular deposits ($2000 max), or entire Account Rollovers (to combine 2 account into 1)...

Is this possible? Would there be any taxes or penalties? Any idea whether either broker (generally speaking) would charge fees to withdraw or deposit Roth Funds? Are there any ramifications or excessive paperwork that would make this plan unattractive.

(and I apologize if anyone is reading this a 2nd time, I posted it before on a different board, but got no response).

Thanks,
jeff
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