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On Sun, 13 Apr 97 13:50:42 -0600, jeremy wrote:

I have a question that should help me decide which way to go. If I open a standard account and then decide at the end of this year to transfer my securities into an IRA account, do I have to pay capital gains on the profits? If I don't then it seems better to open a standard account and decide later whether I want to have an IRA. Any help on this matter would be appreciated.


A little more information that I forgot to include. I currently do not have access to a 401k but I expect to by the end of the year. This is the reason I am wary of depositing my money in an IRA. If I have a 401k by the end of the year I will not be able to deduct the money I put into the IRA on my taxes which takes a lot of the benefits away (Hey, even in my tax bracket that is a savings of approximately $500).
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