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Strategies & Market Trends : Roth IRA ideas

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To: Bill Shepherd who wrote (128)	5/1/1998 12:22:00 AM
From: Trevor Goodchild	Read Replies (1) of 388

No problem. It would be easier to send it to you than implement my options plan anyways because I doubt if a broker would allow me to trade options in an account with only $2k. They have an account manager make a subjective call on your "ability" to trade options. I think they usually want at least $20k in a normal non-IRA account for options trading. That's either quite a few $2k contributions or a 401k rollover and I wouldn't want to do the latter. I guess the new issue is how to capitalize a ROTH for options trading without rolling over an existing 401k. I think you can put up to $15k into a SEP-IRA if you're self employed, then perhaps roll it into a ROTH. Maybe we should all just quit our jobs and become self employed day traders. Then we'd have the SEP contribution, be able to monitor our options positions all day, and lay around on the beach at night hoping social security will still be around when we retire. Thanks for the responses and good luck.

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