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Greetings, Spicyg, and welcome. You asked:

<<I just read "You Have More Than You Think," and I have questions about the Foolish Four. You say hold the 4 stocks for 18 months due to tax implications but what if you have these 4 stocks in a Roth account ---how long should you hold them before you review and determine if you should keep these stocks or invest in different stocks? Can you turn stocks in the account without tax implications?>>

Within a Roth IRA, there are no tax implications on gains. The holding period of 18 months was for folks using taxable accounts so as to allow them to receive favorable long-term capital gains rates on sales of shares. Also, since the book was published, the law was changed again to allow a long-term capital gains rate to be used for shares held longer than 12 months instead of 18. Thus, in either the Roth or the taxable account you may use a 12-month anniversary date for the Foolish Four should you prefer. Actually, it's 12 months plus one day for the taxable account.


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