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Subject:  Re: Transfer Emp. Stock to Roth Date:  8/8/2000  10:05 AM
Author:  TMFPixy Number:  23991 of 105379

Greetings, Kstankey, and welcome. You asked:

<<I have purchased stock thru our companies stock
purchase plan and wonder if I can transfer the
stock (when possible) from the company borker to
my roth IRA borker without having to sell the
stock, pay taxes etc...>>

No, you sure can't. If these shares are in a qualified retirement plan, then almost certainly you cannot get them until you leave that company. On retirement or separation, though, you could transfer them to a traditional IRA. (Whether you should or not is another story entirely.) Once in the traditional IRA, they could then be transferred to the Roth IRA.

OTOH, if these shares are not in a qualified retirement plan, then even at separation there would be no way you could get them into a Roth IRA. The only way any IRA may receive stock is when those shares are part of a qualified rollover from a qualified retirement plan or traditional IRA.

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