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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?

To: Colin Cody who wrote (710)	3/5/1998 3:14:00 PM
From: jimleon	Read Replies (1) \| Respond to of 5810

Say someone funds a roth with 2k over the years. You are saying that they can not get the 2k back with no penalty? I thought that a person can withdraw the original investment with no penalty cause taxes have been paid.

To: Colin Cody who wrote (710)	3/8/1998 10:20:00 PM
From: kas1	Read Replies (1) \| Respond to of 5810

ALL: I have a pretty simple Roth IRA question. The dumb guy in me thinks the following: if I deposit stocks (from my regular brokerage account) instead of cash in my Roth IRA, I will make better use of the $2,000 limit, since I won't have to pay commissions out of that $2,000. Furthermore, if I time well, and put those stocks in my Roth IRA after the market has tanked, I will get quite a lot of "bang" out of that $2,000. Surely, the IRS must have thought of these two and what I have just written must be somehow illegal? Or not? Please advise. Thanks.