Sphere 3D Corp (ANY)

[Justfactsmam]

Pete...excuse me if I misunderstood your statement on Roth IRA and tax consequences but you stated:

"I do have one worry - Sphere 3D gets bought out for big bucks and 'I LOSE MY ELIGIBILITY TO PUT IN ROTH MONIES THIS YEAR.' At least I can then back them out and pay the taxes on the large gains."

If I am understanding your statement correctly, it appears to be based upon wrong assumptions.

1. If SPIHF gets bought out for big bucks..."I lose my eligibility to put Roth monies in this year". That is incorrect. Once an "asset" is placed in a Roth...appreciation of that asset has absolutely no effect on your subsequent contribution limits. THAT was exactly the purpose of the ROTH...with "after-tax dollar" contribution you receive "tax-free" appreciation on those assets...which leads to the second statement which also puzzles me..

2. "at least I can back them out and pay taxes on the large gains"...there are no taxes on gains in a Roth regardless of when you withdraw (once you reach eligible age to withdraw).

Roth is an unbelievable "gold mine" for aggressive investors who want substantial appreciation with NO TAXES...no capital gains, no ordinary income.

It is a favorite for those who receive 144 restricted stock from start up companies because they also get to make a "valuation" of the stock or asset, (if an accountant substantiates to a Trustee) this the stock is almost "worthless" even it the trading stock has some value. They get to contribute millions of share for $5k or $6.5 K annual limit ...which some day may be worth literally millions tax free and just withdraw this tax free principal and income at any time, in whole or in part ... and reinvest.

IMHO....It is a retirement tool every investor ought to take advantage of with Vans' picks from out of the gate.