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cybermich

11/24/20 11:41 PM

#47504 RE: BonnieMac #47502

Open up a Roth IRA.. make a 2020/2021 contribution.. which means buying some new shares..
or if you already have shares in a different retirement account.. you could do a Roth conversion.. which means paying taxes now (if you think the shares will be worth a lot more in the future the conversion might make sense.)

I am not a tax consultant and I would not take anybody's advice on this board about tax matters without consulting a professional:)

I'm pretty sure you are not able to transfer existing shares into a Roth - unless they are already in an existing qualified retirement account (again, you would probably need to buy new shares)..

might be a good excuse to add shares though:)