Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 0
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.
Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.