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I just started investing outside of my company 401(k). I have been trying to figure out the whole short vs long capital gains tax rates, which I think I have down more or less. But as I was researching inside my Zecco trading account I saw a link to "Open a (Roth) IRA" with Zecco.

I have a few questions assoicated with having Roth IRA though:

1) I know I am can contribute $4000 for myself and I read somewhere I can do the same for my wife (for a total of $8000). Does my wife have to work to put $4000 in her name (she does not) and can it be inside the same account with my name on it or does the $4000 that I would contribute in her name have to be in a Zecco account under her name?

2) I assume that inside my Zecco account, I can buy and sell stocks in a Roth IRA account. I would assume it works the same as my regular trading account. The questions is, if I sell a stock for a gain (whether short or long term) and keep the money in my Zecco Roth IRA account to reinvest at a later time, are there any tax consequences (i.e. is this considered Capital Gains)?

3) My current plan is to invest $600 a month into my Zecco trading account, buy stocks to hold for 3-5 years, sell that stock and use the proceeds to buy new stocks for new companies. I have no intention of using any of this money until I retire (probably at age 60). I am currently 35. So is this something I can do with a Roth IRA account through Zecco?

Thanks for any help in this matter

Jason J
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