Replies to post #44458 on Sustainable Green Team Ltd. (SGTM)

[nunaka]

Basically correct....

"I can’t withdraw from the account for at least 5 years, but I can sell and hold and NOT PAY TAX. Not now, or when I withdraw after age 59. This sounds GREAT, especially if SGCP goes up 10,000%!

1. You can withdraw your contributions..the money used to fund your account..penalty free..if the need arises.

2. You can withdraw profits at any time but you will be subject to early withdrawl penalty.

[small time investor]

Charlie, you & I are on the same wavelength. Like you I realized the tremendous potential for SGCP pps appreciation. Consequently, I decided from the start, to put all SGCP shares in a Scottrade self directed Roth IRA, not a regular trading account. I don't want to pay Uncle Sam a cent in capital gains tax when I retire in 5 years. You're making a smart move. I just hope the price doesn't jump while you are in the process. Good Luck!