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Re: eb0783 post# 41900

Friday, 02/16/2024 8:23:50 AM

Friday, February 16, 2024 8:23:50 AM

Post# of 43258
I've had a couple of friends who have been telling me about all of the benefits of opening a Roth IRA for quite some time now. My problem was that I have been trading to supplement my pension income. So, a Roth kept me from taking gains right away. Therefor I have not been interested. However, in 2023 I turned 52 and I am getting closer to that 59 1/2.

Then after printing my 1099 forms from my one E-trade account and having 164 pages of trades just on one account that I will have to hand over to my tax guy which he isn't going to be too happy about. I decided maybe I can do some of this day trading for my future and not have to worry about all of the paperwork.
Roth IRA trades do not need to be reported like they do on a regular brokerage. Hopefully this will be a way for me to have some fun trading without the hassle of paperwork and hopefully build Wealth for myself and my family. I probably should have done this a long time ago.

I would like to put 1 million shares of my HGEN in my Roth IRA while it's cheap, but lakers is probably correct about this as he has been doing this much longer than me. I probably won't be able do that transfer from a Non-Roth Brokerage account, and there is no way to liquidate HGEN and then buy it back in the ROTH while it trades on the expert market. so, I will just hold my shares in the regular brokerage account.
Bullish
Bullish

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