Personal Trading Account to Roth IRA?
Currently I have a few thousand dollars in a TD Ameritrade account that I’ve accrued the past few years. I contribute to my Roth 401k (company match) and none to a Roth IRA.
Curious, does it make sense for me to instead take these personal trading account funds and start funneling them into a Roth IRA where I can do the same buying and selling but better tax advantage?
I would probably max out the Roth IRA each year before entertaining the idea of a personal trading account. While you would be able to trade without tax consequences in the Roth, it's not exactly ideal to be messing around with assets earmarked for retirement.
We have plenty of clients that like to trade in their taxable accounts. We come up with a given percentage (say 10-20%) and that amount is segregated separate from what we manage. Typically, after a couple years, they realize that's futile and give it up, while others just like it for the sport YMMV.
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