Replies to post #74471 on TAP Real Estate Technologies Inc (RWAX)

[JMC$]

I am looking to set up a Roth IRA so will only be paying taxes on the
$7000 contribution every year, with no taxes on any profits when I
start taking out, no matter how much the profits made from my investments.

So, Taxes on long or short term trades do not matter with a Roth
but I was told it may matter with just a regular IRA because you
will be taxed when you start taking the funds out and it may
matter if some trades are Long or short term.
What does your adviser say about this? Thanks

You just have to remember that their is a 5 year waiting period and a few
other requirements before you can start taking funds out of a Roth IRA, is
the way I have been advised. Anyone starting Roth/IRAs should always
consult with their CPA or Attorney for your situation.