I currently have my ROTH IRA set up in my mutual fund account. But I want to have a ROTH in my BROKERAGE ACCOUNT TOO so I can buy stocks in it. is this allowed? Can you trade stocks inside a ROTH ?
2007-01-25 18:03:00 · 2 answers · asked by Anonymous in Business & Finance ➔ Investing
Absolutely & you should do that. If had the accts @ schwab.com could do both in same account. can roll over to there.
2007-01-26 02:17:33 · answer #1 · answered by vegas_iwish 5 · 0⤊ 0⤋
What you have, I think , is a mutual fund in your IRA..( not the other way around)...and you should be able to trade stocks in it as well.....
BUT...a brokerage account is completely different...it's taxed, money in or out anytime...( therefore it cannot be an IRA)... has to be opened and traded seperately.
2007-01-25 18:19:48 · answer #2 · answered by jebediabartlett 6 · 0⤊ 0⤋