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Interesting thread. Here are a couple of clarifications.

1. In the first message in this thread Learner2 mentions keeping his rollover Roth IRA separate from his non-rollover Roth IRA. When Congress completes work on technical corrections (perhaps in a couple of weeks) it should be clear that rollover and non-rollover Roth IRAs can be combined with no ill effects. Doing so will eliminate some of the concerns discussed in this thread relating to replicating the Foolish Four portfolio in multiple IRAs.

2. Learner2 asked whether he could pay the trading commissions outside the IRA. One response said no and another seemed to say yes. The answer is that if you do this you are considered to be making an additional contribution to your IRA in the amount of the commission. And since you've already contributed the maximum, this would be an "excess contribution" that would result in penalties if not corrected. There's a page on my web site dealing with correction of excess contributions to Roth IRAs, but the better course is to avoid making them in the first place.

KAT in Chicagoland
Tax Guide for Investors
Includes a complete guide to Roth IRAs
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