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Strategies & Market Trends : Roth IRA ideas

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To: Don Hurst who wrote (379)	2/13/2000 6:57:00 PM
From: Double Dipper	Read Replies (1) of 388

I would like some help. I just rolled over my Janus IRA to a Waterhouse IRA so that I could trade stocks and wanted to put it into a Roth IRA. I was told I had to put it into a regular IRA with Waterhouse first, then roll into a Roth from there. OK, here is my question after I roll into the Roth and start trading stocks, are the earnings in the account tax free when I trade in and out of stocks? Assume I never take anything out of the Roth Ira, I just trade in and out of the stocks going from stock to stock - presumable making profits until I retire after age 60. Do I pay taxes on the earnings? I know I pay transaction fees but what is the answer for taxes on earnings. Lets say I buy a 100 shares of xys stock for $10 and sell it at $20. Do I pay any taxes on the 1K profit? I was reading the rules and got confused by the literature on taxes. TIA Kevin

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