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Thanks vkg. So the only option in removing money from this IRA is to take out the entire $25K and take the tax hit on the $3K

Ox6a74: I am talking about Option trades that require a margin account like shorts, spreads, naked calls, synthetic shorts and writing puts. I don’t think they are possible in any IRA, but if you know of a broker who does allow, please let me know

Hohum777: While I should have not spoken in the first person, the truth of the matter is that investing is something that we both agreed should be my responsibility. Not because my wife in not smart enough---far to the contrary---she was the magna cum laude in college and holds a Masters degree in Early Childhood Development, but numbers are not her forte. I barely made the Deans List in Pharmacy school, but did do well enough to get my Masters of Science in Health Administration. It works for us. I'm sure no offense was intended, and none taken.

Thanks to all three of you.
Jim
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