Thread: Buying a Roth with existing money in stocks (non IRA)?
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Old 03-06-2005, 09:50 AM
ninabette ninabette is offline
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Default Buying a Roth with existing money in stocks (non IRA)?
I have about $10K in stocks (XOM and KFT) that are in neither a Roth nor traditional IRA investments (I have IRA and 401K money as well). I have already made my $3K Roth investment for 2004 and would like to use $4K of this money to convert over to a Roth for my 2005 contribution. Should I be able to do this no problem or do I have to sell, cash my stocks out and then rebuy into my Roth? Or do I have to take another $4K out of pocket to do this?

Any advice would be appreciated--I'd love to just roll it over seamlessly...
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