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#4
03-28-2007, 05:25 PM
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 Re: Funding IRA On Mar 28, 8:56 am, joetaxpayer <joetaxpa...[at]nospam.com> wrote: - quote - > PeterL wrote:
The only problem is the cap gains tax I'd have to pay. I guess that's> > I need to fund my IRA but I don't have enough cash. Can I move some > > mutual funds into my IRA account? > Only cash may be deposited to an IRA. (A Roth conversion may be stock > moved from a standard IRA to the Roth, but that's another situation). > You can set up the IRA, and request the Mutual fund be sold, cash > transfered, and bought in the IRA, the time you're out of the fund > shouldn't be more than a couple days. why I can't just move the MF into an IRA. So be it. |
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#3
03-28-2007, 03:56 PM
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| Re: Funding IRA PeterL wrote: - quote - > I need to fund my IRA but I don't have enough cash. Can I move some
Only cash may be deposited to an IRA. (A Roth conversion may be stock> mutual funds into my IRA account? moved from a standard IRA to the Roth, but that's another situation). You can set up the IRA, and request the Mutual fund be sold, cash transfered, and bought in the IRA, the time you're out of the fund shouldn't be more than a couple days. |
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#2
03-28-2007, 03:56 PM
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| Re: Funding IRA On Mar 28, 6:15 am, "Dave Dodson" <dave_and_da...[at]Juno.com> wrote: - quote - > On Mar 28, 4:02 am, "PeterL" <po.n...[at]gmail.com> wrote:
That's what I am trying to avoid, having to sell stocks or mutual> > I need to fund my IRA but I don't have enough cash. Can I move some > > mutual funds into my IRA account? > You can only fund an IRA with cash, but you can sell some of your > mutual funds and use the proceeds to fund the IRA. > Dave funds. But so be it. |
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#1
03-28-2007, 01:31 PM
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| Re: Funding IRA This year you can direct a refund, if any, go into an IRA. |
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03-28-2007, 01:15 PM
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| Re: Funding IRA On Mar 28, 4:02 am, "PeterL" <po.n...[at]gmail.com> wrote: - quote - > I need to fund my IRA but I don't have enough cash. Can I move some
You can only fund an IRA with cash, but you can sell some of your> mutual funds into my IRA account? mutual funds and use the proceeds to fund the IRA. Dave |
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#-1
03-28-2007, 09:02 AM
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| Funding IRA I need to fund my IRA but I don't have enough cash. Can I move some mutual funds into my IRA account? |
| Tags |
| funding, ira |
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