Message Font: Serif | Sans-Serif
No. of Recommendations: 0
>> Are there any reasons that I should not do this?

If you like the stock that much, why not just keep what you have in your joint account and buy more shares in your Roth accounts?

You won't have to take the tax hit now and, as you say, your gains on the stock in your Roth won't be taxed.

Also, since Roth contributions are limited, you'll have to make sure that the total value of the sale of the stock has to be less than whatever amount of money you currently have in your Roth. So, you may not be able to completely sell out the stock anyways.
Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
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.