Warning to all: First-time poster on this board!I'm a minor who's interested in establishing a Roth IRA, but have encountered difficulties in doing so because of my inability to enter into contractual obligations. I've basically decided that, since I have only about 3 months until I reach majority, I may as well wait until then to begin funding a Roth.I contacted Ameritrade, w/ which I currently have a custodial account, and was informed that although they can't set up an IRA for a minor, they will be able to internally transfer the securities from my custodial account to a new IRA account when I reach majority. Finally, this brings me to the question: I assume that this transfer will count against my 2001 Roth contributions, but *what* exactly will count--the market value of the securities at the time of transfer, or my cost basis for the securities?Any input, whether assistance or direction to more appropriate boards, will be appreciated.Thanks!-Joeli
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