Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
ROTH question (easy I hope)
Old 05-16-2018, 05:02 AM   #1
Dryer sheet aficionado
 
Join Date: Nov 2017
Location: Tulsa
Posts: 37
ROTH question (easy I hope)

I can't seem to find the answer with searching, so I'm asking here. Thanks in advance.

I'm 48. I have a ROTH IRA held by TD Ameritrade. It consists of a money market account (usually a zero balance) and mutual funds. Can I sell the mutual funds, with proceeds going into the money market account, and then reinvest in a different mutual fund without facing a penalty? In other words, as long as the money isn't ever withdrawn from the ROTH account, is it okay to sell and buy mutual funds within the account without facing penalties?

Again, thanks in advance.
__________________

rlhendren is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 05-16-2018, 05:39 AM   #2
Recycles dryer sheets
 
Join Date: Mar 2014
Posts: 161
Yes.
__________________

user5027 is offline   Reply With Quote
Old 05-16-2018, 05:41 AM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Vermont & Sarasota, FL
Posts: 17,863
+1 as long as the money stays in the Roth then no penalties.... the penalty only applies to withdrawals from the Roth.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.

Retired Jan 2012 at age 56...60/35/5 AA
pb4uski is online now   Reply With Quote
Old 05-16-2018, 07:03 AM   #4
Dryer sheet aficionado
 
Join Date: Nov 2017
Location: Tulsa
Posts: 37
Thanks!
rlhendren is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
SS at 66 or 70 - not such an easy question? Runner FIRE and Money 149 12-10-2015 03:10 PM
Traditional after-tax IRA -> Roth IRA conversion easy? wanaberetiree FIRE and Money 3 09-16-2013 08:10 AM
Easy asset transfer from taxable to Roth? Peaceful_Warrior FIRE and Money 3 10-24-2007 09:28 PM
Covered calls made easy....too easy? laurence FIRE and Money 8 09-13-2005 09:13 AM

 

 
All times are GMT -6. The time now is 11:44 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2018, vBulletin Solutions, Inc.