Replies to post #65596 on Bravatek Solutions Inc (BVTK)

[VirginiaGal]

Yes, I had my traditional IRA with TD Ameritrade. I called them and they changed it to a Roth. I had to pay taxes on the amount I switched over, since there are no taxes on the deposits to a traditional IRA, but I still didn't have much in the account when I did that. The Roth deposits are post-tax, so I pay taxes on the deposits now, but never the withdrawals. I don't need the money now, and retire in about 10 years, so it doesn't hurt that I can't get to the money yet (unless I pay a penalty and taxes on an early withdrawal). Planning on lots of BVTK growth by then. :-) (of course, I am diversified in the investments in the Roth)

[shotsky]

I rolled my 401K over to an IRA at etrade. It is simply one portfolio and works exactly the same as my non-IRA portfolio except to get cash out, you take a distribution, which can be taxed or not - your choice.
You don't want to short stocks in an IRA, and I keep mine as a cash, non margin account, so I have complete control.
My 401K was tanking (down about 50%), so I took charge of it and now it's up about 20X. I expect it to double again this year.