Skip to main content
No. of Recommendations: 0
My online broker was unable to answer these few questions:

1) Is it possible to put money into an existing Roth IRA account on a monthly or quarterly basis? (I just opened my new Roth account for 1998 with $2000 and I now want to start adding for 1999 but I dont have the full $2000.)

2) If I sell the stocks in my account do I have to buy new stocks immediately or can I keep that amount in cash until I decide what new stocks to buy?

3) Do I have to open a new account for each individual year in my Roth? (ie seperate accounts for 1998, 1999, 2000....etc) Or is it acceptable (legal) to have one account only?

Any help is greatly appreciated,

P.S. Thanks for your help with my last question TMFPixy
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! 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.