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Another Roth IRA Question
Posted on 8/2/13 at 12:38 pm
Posted on 8/2/13 at 12:38 pm
Is there a limit to how many trades one can make per year in a Roth?
Any penalties from having too many trades inside of a Roth?
Any penalties from having too many trades inside of a Roth?
5
Posted on 8/2/13 at 12:43 pm to Douglas Quaid
Why would you be wanting to make a bunch of trades?
Eta: as far as I know, there are no limitations with regards to the IRS, but I may be mistaken. Someone correct me if I am wrong.
Eta: as far as I know, there are no limitations with regards to the IRS, but I may be mistaken. Someone correct me if I am wrong.
This post was edited on 8/2/13 at 12:46 pm
Posted on 8/2/13 at 12:50 pm to Douglas Quaid
No you can do whatever you want inside of it, but you're just going to rack up commissions.
Posted on 8/2/13 at 1:37 pm to Douglas Quaid
No limits, you can trade pretty much anything too depending on the brokerage.
Posted on 8/2/13 at 1:44 pm to Douglas Quaid
quote:
Is there a limit to how many trades one can make per year in a Roth?
I'm calling it now. His $5500 contribution will be worth $2800 by year end.
Posted on 8/2/13 at 1:48 pm to RebelOP
quote:
No you can do whatever you want inside of it, but you're just going to rack up commissions.
I think this is right.
Posted on 8/2/13 at 1:51 pm to Broke
quote:
I'm calling it now. His $5500 contribution will be worth $2800 by year end.
Pretty safe assumption, sir
Posted on 8/2/13 at 2:19 pm to GoCrazyAuburn
quote:
Why would you be wanting to make a bunch of trades?
you black?
Posted on 8/2/13 at 3:03 pm to yellowfin
Yo G, why you bees wanting to make dem tradez??
Posted on 8/2/13 at 3:13 pm to Douglas Quaid
I used to trade frequently with my IRA account but that's only because it's a supplement to the 401K which is my primary retirement account.
Lately I haven't had enough time to keep up with things enough to justify it so I had to spread out my account over a few ETFs and just leave it alone.
Lately I haven't had enough time to keep up with things enough to justify it so I had to spread out my account over a few ETFs and just leave it alone.
Posted on 8/2/13 at 4:04 pm to yellowfin
Today apparently
Posted on 8/2/13 at 5:53 pm to Powerman
Thanks. I already have a 401k through work which is my primary as well.
Have a cash account for active trading which I have had for years. Just opened a Roth and made my first purchase under it and was wondering if there are penalties for trading too much within it. Looks like the answer is no.
Have a cash account for active trading which I have had for years. Just opened a Roth and made my first purchase under it and was wondering if there are penalties for trading too much within it. Looks like the answer is no.
This post was edited on 8/2/13 at 5:54 pm
Posted on 8/4/13 at 2:51 am to Douglas Quaid
quote:
Thanks. I already have a 401k through work which is my primary as well.
Have a cash account for active trading which I have had for years. Just opened a Roth and made my first purchase under it and was wondering if there are penalties for trading too much within it. Looks like the answer is no.
Why do you have two separate 401Ks? Does your company not allow you to convert your traditional 401K to a Roth?
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