|
|
| *Home>>>Investment Plan |
Does the ShareBuilder $4 trade count as a contribution to a Roth IRA? |
Does the ShareBuilder $4 buy count as a contribution to a Roth IRA? I'm above the AGI that allows contributions to a Roth, but I recently transfered my Roth to ShareBuilder, so I had more flexiblity with the investment. Will I be penalized by the IRS for paying the $4 per trade (if it counts as a contribution) since I'm not allowed to contribute to the Roth now? I realize their Standard and Advantage Plans do count as contributions, so I avoided them in hopes of just paying the automatic $4/buy avoids a contribution cost (and associated penalty). The transaction fees/commission to buy and sell do not count as contributions to your IRA. As long as you don't bring in any new money to your IRA, you are fine. The money that is in there right now is made up of previous years' contributions and you are allowed to do whatever you want with it. Buying and selling within your IRA is OK because the $4 commission comes out of the money that is already in there. Hope that helps! And lucky you for not being able to invest, hehehe!! :) |
| Tags |
| Investment Trading Investment Strategy Investment Services Investment Portfolio Investment Plan Investment Performance Investment Options Investment Opportunity Investment Manager |
| Related information |
I am a real estate appraiser in Michigan and I get many questions like this. This is a vary debatable topic and one without an easy answer. Without giving you a lesson on real estate values (on... Absolutely. Congratulations on wanting to start saving at a young age. Do a internet search on "Roth IRA" and read up on them. A good company to get started with is Vanguard. ... A trust fund won't help you in this instance. A trust fund is a legal device set up by someone for the benefit of someone else. In this case, it's your money for the benefit of you. Al... New mobile homes are quite energy efficient. They have to meet very high standards. Any northern home can have the frozen pipe and rodent issue. The home is not a bad investment if given proper... Investing in land is always worthwhile if you take a medium to long term view or you know how to get planning changed in the short term. I know this is not a forum but the view expressed on gree... Your house will sell in no time! I would stick with 170,000 but you could probably get 200,000 out of it. Everyone wants to move back to the coast but there is no housing market down there and th... OK sure, your in a far off place, you have "a couple of ideas/plans staked up" in your mind (no further comment), you can't spell correctly, and you're not even an Adult, so how... Welcome to the biz. Lesson one: Find an investor. Flipping a house takes money and since you are brand new, you likely don't have any. Finding someone who does would eliminate the need for... |
Categories--Copyright/IP Policy--Contact Webmaster |