Author Topic: Stocks  (Read 750251 times)

Offline Joe4007

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Re: Stocks
« Reply #6500 on: December 23, 2021, 08:57:11 AM »
Can anyone tell me how to open a Roth IRA in which I can actively trade stocks?

I want to sell off my e-trade portfolio (which is under my personal SSN) and instead trade with a Roth IRA. Which company allows that?
Most brokerages offer Roth IRA's. I have one with TD Ameritrade.

Online aygart

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Re: Stocks
« Reply #6501 on: December 23, 2021, 09:17:57 AM »
Can anyone tell me how to open a Roth IRA in which I can actively trade stocks?

I want to sell off my e-trade portfolio (which is under my personal SSN) and instead trade with a Roth IRA. Which company allows that?
Fidelity
Feelings don't care about your facts

Offline ckmk47

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Re: Stocks
« Reply #6502 on: December 23, 2021, 09:53:35 AM »
Can anyone tell me how to open a Roth IRA in which I can actively trade stocks?

I want to sell off my e-trade portfolio (which is under my personal SSN) and instead trade with a Roth IRA. Which company allows that?
If the stuff you're selling is the same securities that you'll be buying in the Roth, see if you can transfer them instead of selling and buying.

Offline yos9694

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Re: Stocks
« Reply #6503 on: December 23, 2021, 10:10:50 AM »
If the stuff you're selling is the same securities that you'll be buying in the Roth, see if you can transfer them instead of selling and buying.

This may be a good idea. The Roth has to be funded with after tax dollars, but it doesn't have to be cash, a lot of brokers will let you deposit securities (e.g. stocks) at their market value

Offline Essen est zich

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Re: Stocks
« Reply #6504 on: December 23, 2021, 10:13:56 AM »

Offline whacked1

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Re: Stocks
« Reply #6505 on: December 23, 2021, 10:15:00 AM »

Online YitzyS

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Re: Stocks
« Reply #6506 on: December 23, 2021, 10:33:39 AM »
I think you could have a Roth IRA account there as well
Can you tell me how to do it? Do I open a Roth IRA and then link it to my e-trade profile? Or do I have to open a special e-trade account?

ETA: I'm not a huge fan of e-trade, and would be more than happy to try another platform if anyone recommends.

Offline ckmk47

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Re: Stocks
« Reply #6507 on: December 23, 2021, 10:41:37 AM »


ETA: I'm not a huge fan of e-trade, and would be more than happy to try another platform if anyone recommends.
Several other options were recommended above.

Fidelity
Most brokerages offer Roth IRA's. I have one with TD Ameritrade.
Vanguard

Offline Joe4007

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Re: Stocks
« Reply #6508 on: December 23, 2021, 10:53:27 AM »
This may be a good idea. The Roth has to be funded with after tax dollars, but it doesn't have to be cash, a lot of brokers will let you deposit securities (e.g. stocks) at their market value
What's the benefit then? If it's at market value presumably you realize a gain/loss on your original account. Might as well sell and buy and not go through the security transfer process.

Offline sguitarist18

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Re: Stocks
« Reply #6509 on: December 23, 2021, 11:05:25 AM »
What's the benefit then? If it's at market value presumably you realize a gain/loss on your original account. Might as well sell and buy and not go through the security transfer process.

Is this the case? Or does it work the same way it works with a donor-advised fund, where the full amount gets counted and transferred, without having to pay capital gains taxes?

Offline yos9694

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Re: Stocks
« Reply #6510 on: December 23, 2021, 11:23:43 AM »
Depositing to a Roth is not a donation and not tax deductible, so there will be a realized gain/loss. Definitely not like a DAF.

There may not be much of an advantage, but you'd save on commissions/fees (and commissions are very low or zero these days), extra steps of selling/buying, and you wouldn't need to wait for settlement (t+2) to transfer and buy.

Offline ExGingi

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Re: Stocks
« Reply #6511 on: December 23, 2021, 11:49:54 AM »
If the stuff you're selling is the same securities that you'll be buying in the Roth, see if you can transfer them instead of selling and buying.

AFAIK one cannot make "in-kind" (ROTH) IRA contributions. Only cash (i.e. USD cash balances) can be contributed into an IRA.

If you're already familiar and comfortable with the e-Trade platform, why change? DW and I have ROTH IRAs with E*Trade, Schwab, Fidelity, TD Ameritrade (which was acquired by Schwab, but platforms were not merged/integrated) and IBKR (opened that one after IBKR started offering Crypto trading, not realizing that they don't offer it in IRAs). Each has things I like and things I dislike.
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Offline sguitarist18

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Re: Stocks
« Reply #6512 on: December 23, 2021, 12:02:39 PM »
Depositing to a Roth is not a donation and not tax deductible, so there will be a realized gain/loss. Definitely not like a DAF.


Aware of this, it's obviously not a donation - the question is, if you're able to transfer securities directly (which you may not be able to, see Exginig above), since you're not selling them, it might work similar to a DAF in only this way, that there's no sale to trigger the capital gains tax.

Online YitzyS

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Re: Stocks
« Reply #6513 on: December 23, 2021, 12:37:22 PM »
Thanks, guys! I googled 'etrade roth ira' and a link came up to open an account. I filled in the information and now the ROTH IRA appears right below my personal trading account. I can now easily just sell my regular stuff and buy in the IRA.

Offline yos9694

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Re: Stocks
« Reply #6514 on: December 23, 2021, 12:43:54 PM »
Aware of this, it's obviously not a donation - the question is, if you're able to transfer securities directly (which you may not be able to, see Exginig above), since you're not selling them, it might work similar to a DAF in only this way, that there's no sale to trigger the capital gains tax.

Not a chance, Lance

Offline sguitarist18

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Re: Stocks
« Reply #6515 on: December 23, 2021, 12:46:30 PM »
Not sure why you're so certain of that, as the point is irrelevant - from everything I can see, you cannot transfer securities, so no way to tell how it would be considered if it would work.

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Re: Stocks
« Reply #6516 on: December 23, 2021, 12:48:06 PM »
I tried to transfer securities between the accounts but my brokerage account is listed as "no transferable securities in the account," so I'll just sell them and rebuy. It's only a few stuff anyways.

Online EliJelly

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Re: Stocks
« Reply #6517 on: December 23, 2021, 03:40:31 PM »
I tried to transfer securities between the accounts but my brokerage account is listed as "no transferable securities in the account," so I'll just sell them and rebuy. It's only a few stuff anyways.
End of year tip. Just by funding the $6k to your Roth IRA you'll get additional $200 on year earned income credit, $400 when you and your spouse are funding.

Offline ExGingi

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Re: Stocks
« Reply #6518 on: December 23, 2021, 03:43:46 PM »
End of year tip. Just by funding the $6k to your Roth IRA you'll get additional $200 on year earned income credit, $400 when you and your spouse are funding.

You mean Savers credit?
https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-savings-contributions-savers-credit
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Offline yosefsv

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Re: Stocks
« Reply #6519 on: December 23, 2021, 03:51:37 PM »
End of year tip. Just by funding the $6k to your Roth IRA you'll get additional $200 on year earned income credit, $400 when you and your spouse are funding.
If you fund a traditional IRA and you have unearned income you could gain much more then $200 on a $6000 contribution.
If it benefits even just one fellow DDFer, its worth posting it.