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Re: soundincrest post# 521696

Friday, 06/08/2018 11:38:05 PM

Friday, June 08, 2018 11:38:05 PM

Post# of 733227
I believe you have to hold the transfered securities in the Roth account for 5 years so you won't pay any tax.
But check with your tax accountant. I have a portion of my holdings in the Roth Accounts we will have to wait and see how it plays out. So my trading account will have taxable profits I hope. And I will draw on that account while leaving the Roth alone till I'm sure of the 5 year rule. I'm not a big spender there are a few Big Boy Toys I want. But I don't need a lot to be happy. Kayaking keeps me healthy and doesn't cost me money for fuel except to drive down to the rivers and I Metal Detect for Relics in Ny and Conn. So doesn't cost much money charging batteries either. Life is as simple as you want it to be. And that requires a lot of walking in circles. So when I'm asked what are you doing my reply back is I'm going crazy walking in circles. It's great when you find a Gold Ring or Barber Silver Quarters or 18 hundreds Large Cents or 17 hundreds State Coppers. And I enjoy meeting and talking to people. Life is simple.
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